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URGENT ¥¥¥ Bank of England says keeps key interest rate at 0.50%

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(Globalpost/GlobalPost)

The Bank of England announced on Thursday it had voted again to freeze its key interest rate at a record-low level of 0.50 percent and maintain its quantitative easing cash stimulus aimed at boosting growth.

"The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.50 percent," it said, adding QE would remain at £375 billion ($589 billion, 434 billion euros).

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http://www.globalpost.com/dispatch/news/afp/130207/urgent-bank-england-says-keeps-key-interest-rate-at-050