What is quantitative easing?
Quantitative easing (QE) is the Bank of England’s scheme to boost the economy by buying government debt. Essentially the Bank of England creates new money and uses it to buy loans to the UK government (commonly known as gilts).…
The Bank of England keeps UK interest rates at 0.5%
The Bank of England has continued to hold UK interest rates at a record low of 0.5%.…
UK inflation hits a 15-month low in February
The rate of inflation hit a 15-month low in February, according to the Office for National Statistics, but failed to ease fears that high oil prices may prevent it falling as quickly as previously thought.
The Bank of England keeps interest rates at 0.5%
The Bank of England has decided to hold interest rates at 0.5%. The Bank of England has kept its interest rate at this record low since 5 March 2009.…