Bank of England Maintains Interest Rates At Historic Low

Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%, to aid the U.K. economy’s ongoing recovery. Investors anticipate the central bank to begin lifting its benchmark interest rate early in 2015. Keeping a close eye on market During the past nine months, the U.K. economy has hit its stride, following a long period of stagnation. The International Monetary Fund anticipates the economy to expand by 2.9% in 2014, the fastest rate of growth among the Group of Seven leading developed economies. However, Britain’s return to growth has sparked fears of a housing…