Bank of England announces Bank Rate remains at 0.5%
June 22, 2018
The Bank of England announced on the 21st June 2018 that Bank Rate remains at 0.5%.
At its meeting ending on 20 June 2018, the MPC voted by a majority of 6-3 to maintain Bank Rate at 0.5%.
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 also 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 21st June in full click here.
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