Bank of England announces Interest rate maintained at 0.5%
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.