The Bank of England‚Äôs Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at ¬£375 billion.
The Committee‚Äôs latest inflation and output projections will appear in the Inflation Report to be published at 10.30am on Wednesday 14 November.
The minutes of the meeting will be published at 9.30am on Wednesday 21 November.
Notes to Editors
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The previous change in the size of that programme was an increase of ¬£50 billion to a total of ¬£375 billion on 5 July 2012.
- 2Why one economist says no recession until at least 2016
- 2Pound rises against the dollar after U.K. GDP data
- 2Pound Halts Three-Day Drop as U.K. Growth Meets Estimates
- 2Deutsche Bank Said to Have Passed ECB Stress Test
- 2Amazon CEO Bezos Faces Season of Worsts as Losses Mount
- 3U.S. Stocks Extend Rally on Earnings; Dollar Declines
- 3Fed‚Äôs $4 Trillion Holdings to Boost Growth Beyond End of QE
- 3ECB Set to Fail 25 Banks in Review, Draft Document Shows
- 4Gold Rises From 1-Week Low as Investors Assess Economy
- 3Wall St. little changed as Microsoft offsets Amazon
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar draghi ecb economy eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news fx gbp/usd gold google greece imf obama oil pound s&p 500 spain stock stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen