FTSE unaffected by interest rate decision

FTSE unaffected by interest rate decision

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Thursday, 07, Jan 2010 05:17

The FTSE 100 ended Thursday slightly down after the Bank of England decided to hold interest rates at 0.5 per cent.

At close of play the London index stood at 5,526.72, down 3.32 points, or 0.06 per cent.

The decision by the bank's monetary policy committee to hold interest rates and its quantitative easing programme were widely expected, with some analysts not predicting a change until September.

Despite that the Royal Bank of Scotland Group ended the day down 1.91 per cent to 35.98p. The biggest loser of the day though was Standard Life, losing 2.45 per cent.

Following the release of record trading figures for the Christmas period, Sainsbury's shares rose 3.21 per cent.

Lloyds Banking Group recorded the day's biggest gain, up 4.29 per cent, with Wolseley up 3.60 per cent.