Bank of England announces Bank Rate remains at 0.5%

bank of england interest rate

The Bank of England announced yesterday 14th December 2017 that at its meeting ending 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.50%.

The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion.

The Committee voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.

Read the Bank of England announcement published 14th December 2017 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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