BOE left monetary policy unchanged
04 August 2011
The Bank of England left interest rates at 0.5 percent on Thursday and kept the option of more quantitative easing up its sleeve should the economy weaken further.
UK interest rates have stood at 0.5 percent for more than two years — already the longest period of inertia since World War Two — and money markets are not pricing in any realistic chance of a rate rise until the second half of 2012.