Share “BoE opts against further monetary stimulus”

BoE opts against further monetary stimulus

Published on NewsOK Modified: May 9, 2013 at 6:06 am •  Published: May 9, 2013
Advertisement

LONDON (AP) — The Bank of England has opted against pumping more money into the British economy.

The decision Thursday by the central bank's main policymaking body had been widely expected. The policymaking committee also opted to keep the main interest rate unchanged at 0.5 percent.

Recent figures showing that Britain avoided its third recession in four years reined in expectations the Bank would make more asset purchases. The Bank has splashed out 375 billion pounds ($583 billion) since 2009 buying government bonds from financial institutions in the hope they will lend more and boost growth.

Nevertheless, there is an expectation that the bank will try to do more to stimulate the British economy when Bank of Canada head Mark Carney replaces current governor Mervyn King this summer.


AROUND THE WEB

  1. 1
    Oklahoma security guard high on pot when he shot man, say attorneys
  2. 2
    OHP: Vehicle crashes into crane near U.S. 81 and I-40
  3. 3
    Jaguars GM doubts Justin Blackmon will ever play again
  4. 4
    The glamorous life of a frequent traveler is a lie, researchers say
  5. 5
    VIDEO: Olivia Munn, Aaron Rodgers back in the gym prepping for X-Men movie
+ show more

FEATURED JOBS



× Trending news Article