Bank of England holds on quantitative easing

The Bank of England has opted to wait and see what impact its quantitative easing programme is having before pledging a further boost to the money supply.

The Bank, as expected, also maintained bank rate at an all-time low of 0.5%.

The Bank has so far agreed to use £75 billion ($109.8 billion) out of a potential pot of $150 billion to boost the money supply through outright purchases of government and corporate bonds. The Monetary Policy Committee said on Thursday that it had spent $26 billio