The Bank of England has maintained interest rates at 0.5% and the size of the asset purchase programme at £375bn.
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.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes