May 10, (PRINTWORDS NEWS) Bank of England have gone ahead to freeze UK interest rates as low as 0.5% with a declaration that the bank is not going to jab in any more money which gains ground with the Qualitative policy which is being maintained in the English Economy. As a matter of fact UK has witnessed it all during the last decade, from the pangs of recession to the contraction of liquidity from the actual market which staggered all over for an era of six months which have taken a heavy toll upon the economic framework.
UK inflation rate witnessed a rise of 3.4% in the month March which when compared to the with the interest rates as of 0.5% is an alarming track that everyone wants to avoid at any cost. David Kerns told the media that to him this is one of the most challenging situations and any encouragement to the present situation will only result in the steady downfall of the whole setup.
Last week we have witnessed the general elections of England falling down after any major party was unable to pull in the adequate support to draw in the efforts of pulling up a coalition government as it was speculated. Irrespective of the situation we have all parties declaring their cut down the cost budget plan which is targeted towards an easy handling of the cut deficit budget. In other words as speculated by the financial analysts, the Banks shall offers as low interest rates as they can which is equally discoursing and upsetting at the same pint.
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