Policymakers fear 'false dawns'.
The Bank's Monetary Policy Committee (MPC) voted unanimously to keep interest rates at their 0.5% record low and continue with its pounds 175bn programme to boost the money supply at its meeting two weeks ago.
Although rising house prices and stock markets gave "promising indications", ratesetters are worried over an "uncertain" recovery.
"The lesson from previous financial crises was that they were not resolved quickly, and that there could be false dawns," minutes of the meeting said.
The Bank said returning confidence could spark a "virtuous upward spiral".
|Printer friendly Cite/link Email Feedback|
|Publication:||Daily Post (Liverpool, England)|
|Date:||Sep 24, 2009|
|Previous Article:||Minister praises scheme to help young people find jobs in cultural sector.|
|Next Article:||WALL ST.|
|Gun Police In pounds 6m Raid.|
|Stockpiling our security. (Stateline).|
|Hospital 'a pipe dream'.|
|CROOKED TEACHER FAKED EXAMS; Woman facing prison after she forged results for trainee classroom assistants.|