Bank of England base rate kept on hold
The Bank's Monetary Policy Committee have once again kept interest rates on hold at 0.5% and decided to not add any further quantitative easing (QE) measures. The last base rate change was in March 2009.
At the MPC's December, November and October meetings, there was a three-way split among the nine members. In those meetings one member voted for a rise and another for more quantitative easing. Andrew Sentance has consistently called for rates to rise and Adam Posen for an extra £50bn to be added to the QE program.
January 14, 2011
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