<<< back to article list

Bank of England decides not to add more stimulus

Blog by Brad Herman | March 7th, 2013

The Bank of England decided not to pump more money into Britain's ailing economy on Thursday in what is likely to have been a close-run decision.

The central bank's Monetary Policy Committee opted not to add to the 375 billion pounds of government bonds bought with newly created money between March 2009 and October 2012.

It also left interest rates at their record-low 0.5 percent.