Interest Rates Held 19th Month
Published / Last Updated on 06/10/2010
Interest Rates Held 19th Month
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 at £200 billion.
The base rate was held at 0.5% and is the longest period period of interest rate holding since the World War II.
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