Bank of England – Bank Rate held at 0.25%
May 12, 2017
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 to maintain Bank Rate at 0.25%.
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 Monetary Policy Summary and minutes of the Monetary Policy Committee meeting ending on 10th May 2017 in full click here.
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