Interest rate remains on hold at 0.25%

Bank of England Monetary Policy Committee Announcement 14th September 2017.

At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 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 voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.

The pound sterling strengthened against both the Euro and the Dollar yesterday.

Read the Bank of England Monetary Policy Committee Announcement 14th September 2017 in full click here.

 

Allen Walkey

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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