Thursday, May 5, 2011

Bank of England Holds Rate at 0.50%

The Monetary Policy Committee of the Bank of England maintained the official Bank Rate paid on commercial bank reserves unchanged at 0.5%.  The Bank also "voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion".  The Bank will release inflation and output projections on the 11th of May and will release the minutes of this monetary policy meeting on the 18th of May.


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