The Bank of England leave interest rates unchanged at 0.5%
The Bank of England’s 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 £200 billion.
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. The Size of the Asset Purchase Programme is at £200 Billion, £25 billi on was added last on 5 November 2009. The minutes of the meeting will be published at 9.30 am on Wednesday 26 January.
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