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Ukraine has vowed to take the battle to Russian soil after suffering massive destruction on its territory from more than two years of bombardments
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BoE hints monetary policy to remain loose
The Bank of England (BoE) refrained on Thursday from pumping more money into the UK economy, citing signs of growth, as it held its first meeting since the arrival of the new governor, Mark Carney.
The Monetary Policy Committee kept its key interest rate at the record low of 0.5 per cent and decided against expanding its stimulus program, as widely expected in the markets.
The bank has so far pumped £375 billion ($579 billion) into Britain’s economy since 2009. The hope is the extra money will boost lending, helping economic growth.
In a statement, the Bank of England hinted that it would keep monetary policy loose to keep borrowing rates down.
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