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Bank of England keeps interest rate at record-low 0.5%

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(Globalpost/GlobalPost)

The Bank of England on Thursday voted to leave its main lending rate at a record-low level of 0.50 percent and refrained from pumping out more new cash to help stimulate Britain's recession-threatened economy.

"The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent," the BoE said in a brief statement at the conclusion of its regular monthly meeting.

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http://www.globalpost.com/dispatch/news/afp/130404/bank-england-keeps-interest-rate-at-record-low-05