Financial Times FT.com

Mixed report on quantitative easing

By Daniel Pimlott and David Oakley

Published: April 10 2009 22:55 | Last updated: April 10 2009 22:55

A month after the Bank of England began pumping up to £150bn in cash into the economy, evidence on the effectiveness of the radical new policy remains mixed.

The Bank’s monetary policy committee on Thursday voted to keep rates at 0.5 per cent, which came as no surprise but was the first time since September that rates had been held at the same level from one meeting to the next.

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