Mar 7, 2013
UK: BoE keeps policy unchanged, rate at 0.5% and QE at £375B
The BoE has decided to keeps its monetary policy unchanged at this month's meeting that took place today. The last time the central bank added QE was on 5 July 2012, by £50B to the total of £375B. “The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009 and 29 November 2011”, said the statement.