Bank of England Holds Interests Rates
Published / Last Updated on 09/06/2010
Bank of England Holds Interests Rates
by Ashley Clark, Director
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.
The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves known as quantitative easing at £200 billion.
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