Neville Prior 6 September 2012 12:12:02 PM
The Bank of England has kept interest rates at 0.5% and held off from more stimulus measures. Its rate-setting Monetary Policy Committee has voted to maintain rates at this historic low for three years. It also decided not to increase its programme of quantitative easing, having lifted it by £50bn in July to £375bn. The news came on the day that the OECD cut sharply its growth forecast for the UK economy. Worries about the UK economy have led business groups to call on the government to kick-start growth with infrastructure spending.
