Beverly Hills 12/11/2009 1:15:18 AM
News / Business

Interest Rates Held Steady by Bank of England

Finance World News Update by EQUITIES Magazine

In an anticipated move in the process of the British economic recovery, the Bank of England held interest rates steady at 0.5 percent and left its 200 billion pound ($325 billion) asset purchase program unchanged.

 

While Britain is the only major economy still officially in recession, both the central bank and the government expect a return to growth by the new year.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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