Interest Rates Expected to remain at 0.5% until 2011 05/02/2010 by admin
Interest rates were held at 0.5% yesterday for the 11th month running and economists expect that they will remain there for at least the whole of 2010.
The news came as the Bank of England has halted the £200bn program of injecting money (quantitive easing) into the economy to beat the recession. The 'quantitive easing' scheme could restart if the economy began to falter again.
Economists expect rates to stay the same at 0.5% - the lowest in the bank's 316 year history to avoid removing two key stimuli at the same time.