Bank of England leaves interest rates steady - Tucson News Now

Bank of England leaves interest rates steady

Posted: Updated:
  • NationalMore>>

  • As inmate died, lawyers debated if he was in pain

    As inmate died, lawyers debated if he was in pain

    Thursday, July 24 2014 11:25 PM EDT2014-07-25 03:25:49 GMT
    A condemned murderer took nearly two hours to die and gasped for about 90 minutes during an execution in Arizona that quickly rekindled the national debate on capital punishment in the U.S.
    The nearly two-hour execution of a convicted murderer prompted a series of phone calls involving the governor's office, the prison director, lawyers and judges as the inmate gasped for more than 90 minutes.
  • Doctor describes Pennsylvania hospital shooting

    Doctor describes Pennsylvania hospital shooting

    Thursday, July 24 2014 11:06 PM EDT2014-07-25 03:06:21 GMT
    Police in suburban Philadelphia are investigating a shooting at a hospital campus and say they have reports people have been injured and a suspect is in custody.
    A psychiatrist has told police a patient fatally shot a caseworker at a suburban Philadelphia hospital complex before the doctor pulled out his own gun and exchanged fire with the patient.
  • NYC official: Thieves got into 1K StubHub accounts

    NYC official: Thieves got into 1K StubHub accounts

    Thursday, July 24 2014 11:05 PM EDT2014-07-25 03:05:13 GMT
    A law enforcement official and online marketplace StubHub say cyber thieves got into more than 1,000 customers' accounts and fraudulently bought tickets for events.
    Some of the hottest tickets in town - to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game - were snapped up by an international ring of cyber thieves who commandeered more than...

LONDON (AP) - The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength.

Thursday's decision was widely expected, even after Bank of England Governor Mark Carney startled analysts last month when he said that an interest rate rise could happen more quickly than markets expected. The remarks surprised economists who had been expecting a rise next year - and now predictions suggest a rise as soon as the fall.

Though Carney has expressed concern about spiking housing prices, analysts fear that raising rates will dampen the wider recovery.

The Bank of England has instead announced measures to tighten mortgage lending and cool off the housing sector.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow