Interest rates remain on hold at 0.25%
Bank of England – Monetary Policy Committee (MPC) Announcement and Minutes 16th March 2017.
The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017.
The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, totalling up to £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 released 16th March in full click here.