THE Bank of England's Monetary Policy Committee (MPC) held off from providing further stimulus to the struggling UK economy yesterday, even though a raft of indicators have raised fears of renewed contraction in output as early as the current quarter.
THE Bank of England's Monetary Policy Committee (MPC) held off from providing further stimulus to the struggling UK economy yesterday, even though a raft of indicators have raised fears of renewed contraction in output as early as the current quarter.
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ian mcConnell business editor
Economists predicted further monetary stimulus was likely to be needed in the near term, after the MPC voted to hold UK base rates at a record low of 0.5% and maintain the scale of its quantitative easing (QE) programme at £375 billion at the end of its latest two-day meeting.
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