Back in March 2009, the Bank of England dropped its base rate to 0.5% and has remained there now for its’ consecutive 37th month.
The programme of quantitative easing has been kept at £325bn, this was in February 2012 an increase of £50 Billion. The latest round of QE is expected to be completed by the end of May 2012. It’s interesting to read, from last month’s MPC (Monetary Policy Committee) minutes that 2 of the 9 members wanted to increase the programme further to a total of £350 Billion.
Questions, please ask – my email address is welshmoneywiz@virginmedia.com
welshmoneywiz 