FRANKFURT (MarketWatch) — The Bank of England left its bond-buying program on hold Thursday in the face of weakening economic data.
As expected, the bank’s Monetary Policy Committee left the key lending rate at a record low 0.5%, where it has stood since March 2009. The program of asset purchases, which is the centerpiece of the bank’s quantitative-easing strategy, was held at 325 billion pounds ($506 billion).
Economists said the decision was likely a close call.
via Bank of England maintains holding pattern – Economic Report – MarketWatch.
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