Bank of England holds QE and interest rates at 0.5%

The Bank's Monetary Policy Committee (MPC) today voted to hold interest rates at 0.5% and the stock of asset purchases financed by the issuance of central bank reserves at £375bn. Interest rates have remained unchanged since March 2009. The previous change in the size of asset purchase programme was made in July 2012 when it was increased by £50bn to the current total of £375bn.