Bank of England announces Interest rate maintained at 0.5%

February 9, 2018
bank of england interest rate

The Bank of England announced yesterday 8th February that the Monetary Policy Committee (MPC) at its meeting ending on 7 February 2018,  voted unanimously 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 Monetary Policy Summary and Minutes in full click here.

The Bank of England also published its latest Inflation Report, alongside the Monetary Policy Committee’s summary and minutes.

Read the latest Inflation Report February 2018 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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