Bank rate remains at 0.5%

May 11, 2018
bank of england interest rate

The Bank of England published 10th May 2018 – Monetary Policy Committee announcement and Inflation Report.

At its meeting ending on 9 May 2018, the Monetary Policy Committee (MPC) voted by a majority of 7-2 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

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

Read the Inflation Report

 

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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