Bank sticks to interest rates

City A.M. Reporter
THE BANK of England left monetary policy unchanged yesterday, sticking to its commitment to keep interest rates at a record low 0.5 per cent until Britain’s recovery is more firmly established.

At its two-day meeting, the Bank’s Monetary Policy Committee also opted to leave its bond-buying programme unchanged at £375bn. It has indicated it will not begin to sell back the bonds until interest rates have returned to a more normal level.