BOE Holds Stimulus as Cameron’s Spending Squeeze Looms

The Bank of England maintained emergency stimulus for the economy as officials judged Prime Minister David Cameron’s spending squeeze this year will help tame the fastest inflation since he took office.

The nine-member Monetary Policy Committee, led by Governor Mervyn King, held its bond plan at 200 billion pounds ($315 billion) as forecast by all 39 economists in a Bloomberg News survey. The bank left its main interest rate at a record low of