Economics IA Research Conventional paper

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IB Economics comments number: ______2_____

Title of extract:

_____ Lender of Great britain Holds Price at Already Low Level

__________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ Source of draw out: __ http://www.nytimes.com/2013/09/06/business/global/bank-of-england-holds-rate-at-already-low-level.html?_r=0__(Date of access: October 5, 2013) _____________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________ Date of remove: _____ Sept 5, 2013______________________

Word count: ______747______words

Day the commentary was crafted: _____October your five, 2013_______________ Area of the syllabus to which the commentary corelates: Section____2_______

Candidate name: Haimeng Zhang________________________________________________ Applicant number: 003338-_______

Bank of England Keeps Rate in Already Low-level

ByВ JULIA WERDIGIERВ andВ STEPHEN CASTLE

Posted: September 5, 2013

GREATER LONDON — Your bank of Britain made very good on the pledge to hold interest rates low on Thurs night, amid indications that Britain's economic restoration was obtaining steam. The British central bank stored its standard interest rate unrevised at a list low of 0. 5 percent. It also said it would keep its system of economical stimulus by £375 billion, or $580 billion. After avoiding a triple-dip recession at the beginning of the year, the Uk economy started to recover. Relatively low funding costs, a buoyant housing business and a marked improvement of the economy in the euro zone, Britain's largest export market, pressed growth to 0. several percent inside the three months that ended 06 30. Nevertheless the Bank of England texas chief, Mark M....



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