The Bank of England’s Monetary Policy Committee (MPC) has yet again voted to maintain the Bank Rate at 0.5%.
The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves – so-called ‘quantitative easing’ at £375 billion.
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.
The minutes of the meeting will be published at 9.30 a.m. on Wednesday 21 May.