Thursday, January 13, 2011

Bank of England Retains Rate at 0.50%, No Changes to Monetary Policy

The Bank of England’s Monetary Policy Committee held the main Bank Rate at 0.5%. The Bank also made no changes to the £200 billion asset purchase program. The United Kingdom last reported inflation of 3.3% in November, which is above the Bank's official inflation target. The full minutes of the monetary policy committee meeting are due to be published at 9.30am on the 26th of January.


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