Bank of England keeps base rate at 0.5%... again

The Bank of England has kept base rates at 0.5% for the thirteenth consecutive month. The quantitative easing programme has also been maintained at £200m by the Monetary Policy Committee. Jennet Siebrits, head of residential research at CB Richard Ellis, said: “The low interest rate environment and the quantitative easing programme, which was paused two months ago, is helping the economy creep out of recession with a 0.4% increase in GDP reported for the October to December period.

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