Bank of England confirms bank rate held at 0.75%

Written by Allen Walkey on - Breaking News -

Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%.

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 13th September 2018 in full click here.

Author: 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.

Share
 

Recent Popular Articles


December house price growth accelerates


According to the Hometrack December UK Cities House Price Index, City level house price growth accelerates to 15 month high on unseasonally strong market activity.


London house prices to almost double in 10 years.


A study compiled by the Centre for Economics and Business Research for the National Association of Estate Agents (NAEA) and the Association of Residential Letting


Welsh government introduces bill to abolish right to buy


The Welsh Government's proposal to end the right of social housing tenants to buy their own homes started  its journey through the National Assembly for


Making the planning process more efficient should be the top priority


The NFB welcomes the announcement of new funding but remains concerned that the Government’s efforts to solve the housing crisis have moved away from making


Interest rates to remain low


Governor of The bank of England Mark Carney has made assurances that now is not the time to be raising interest rates, saying that rates