Bank of England Maintains Aid as Inflation Accelerates

The Bank of England kept up emergency stimulus as officials tolerated the prospect of inflation accelerating to a two-year high to nurture Britain’s economic recovery.

The Monetary Policy Committee, led by Governor Mervyn King, left the benchmark interest rate at a record low of 0.5 percent, as forecast by all 62 economists in a Bloomberg News survey. They also left their bond program at 200 billion pounds ($321 billion), as predicted by all 38 economists in a separate poll.