Tags: EU | Britain | Economy

Bank of England Holds Interest Rates Steady

Thursday, 08 Apr 2010 07:44 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The Bank of England has kept interest rates at a record low of 0.5 percent for the 13th consecutive month in its last decision before a national election.

It has also left its 200 billion-pound asset purchasing program on hold in Thursday's announcement.

The decision had been widely anticipated amid concerns that Britain's recovery from a punishing 18-month long downturn remains fragile. The perilous state of the economy is expected to be a major factor in the election scheduled for May 6.

Both the ruling Labour Party and the main opposition Conservative Party are trying to convince voters that they have a clear plan to reduce the country's massive budget deficit — but both also warn that Britons face a new age of austerity regardless of the election outcome.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Gov. Jindal Backs Obama's Plan to Arm Syrian Rebels

Tuesday, 16 Sep 2014 15:54 PM

Louisiana Gov. Bobby Jindal has thrown his support behind President Barack Obama's controversial plan to arm moderate Sy . . .

Bill Clinton: Netanyahu 'Not The Guy' To Strike Peace Deal

Tuesday, 16 Sep 2014 15:38 PM

Former President Bill Clinton has taken the unusual step of criticizing the Israeli government's handling of peace negot . . .

Nate Silver: Odds of GOP Senate Takeover Significantly Down

Tuesday, 16 Sep 2014 15:05 PM

The Republican Party's chances of taking control of the Senate have decreased significantly as the fortunes of Democrats . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved