No change on rate, stimulus: Bank of England
LONDON (AP) - The Bank of England has left its base interest rate unchanged and has not authorised any additional stimulus measures.
Thursday's announcement by the Monetary Policy Committee left the bank's key rate at an all-time low of 0.5 per cent, where it has been since March 2009.
The Bank's programme of quantitative easing - stimulus through buying government bonds and other high-quality debt - remains at a total of 375 billion pounds (S$734 billion).
Expectations of further stimulus measures this month evaporated after the United Kingdom's gross domestic product rose by an unexpectedly strong 1 per cent in the third quarter, ending a nine-month recession.