Bank of England maintains Bank Rate at 0.5%

​The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.

Amy Loddington
6th June 2013
Bank of England maintains Bank Rate at 0.5%
The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.

A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012.
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