The Bank of England left the benchmark interest rate at a record low and kept up its plan to buy bonds with
newly created money to pull the economy out of the worst recession in a generation.
The nine-member Monetary Policy Committee, led by Governor Mervyn King, reiterated its plan to buy £125 billion of government and corporate bonds.
Policy makers also kept the bank rate at 0.5 per cent.
The Bank of England has now entered its fourth month of money-printing as officials assess mounting
evidence that the slump is easing while the squeeze on credit persists.
Reports this week have shown service industries grew for the first time in a year last month, manufacturing improved, consumer confidence increased, and house prices unexpectedly jumped.
