Bank of England Interest Rates and QE Frozen
Published / Last Updated on 04/04/2012
Bank of England Interest Rates and QE Frozen.
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 continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.
The Committee expects the announced programme of asset purchases to take another month to complete. The scale of the programme will be kept under review.