Bank of England maintains key rate at 0.50%
The Bank of England (BoE) decided to maintain its Bank Rate at 0.5% after a meeting held today following the decision of the Bank of England’s Monetary Policy Committee.
The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
The minutes of the meeting will be published on Wednesday 18 June.
It is underscored that 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.
Source: BoE
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