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  • BoE keeps interest rates and QE on hold

    The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme - introduced...
    Posted to Finance on 03-04-2010
    Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, house prices, Bank of England, February, Halifax, GDP, recovery, MPC, on hold, Monetary Policy Committee, fragile, QE

  • BoE expected to keep interest rates on hold

    The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, the Bank is expected not to inject any more money into the economy through its quantitative easing (QE) scheme....
    Posted to Finance on 03-04-2010
    Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, Bank of England, MPC, on hold, Monetary Policy Committee, manufacturing activity, expected, QE, service sector, pause

  • UK service sector recovers after snowy January

    The UK’s closely-watched service sector recovered in February after experiencing a dip in January as a result of bad weather disrupting services, as well as the VAT rise. The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 58.4 in February...
    Posted to Finance on 03-03-2010
    Filed under: All Financial News, Economy News, interest rates, UK, February, GDP, manufacturing, growth, on hold, recover, activity, QE, CIPS/Markit, service sector

  • Australian economy grows 2.7% during 2009

    Official figures have revealed Australia’s economy grew 0.9% in the October to December period, while on an annual basis the economy expanded 2.7%. In comparison, the UK, Germany and Japan all contracted by around 5% in 2009, while the US shrank by 2.4%. Australia’s Federal Treasurer Wayne Swan...
    Posted to Finance on 03-03-2010
    Filed under: All Financial News, Economy News, recession, interest rates, GDP, growth, avoid, fourth quarter, Reserve Bank of Australia, RBA, Wayne Swan
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