Thursday, January 10, 2008
Mervyn holds his nerve
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.5%. The minutes of the meeting will be published at 9.30am on Wednesday 23 January. The previous change in Bank Rate was a reduction of 0.25 percentage points to 5.5% on 6 December 2007.