Thursday, August 6, 2009
Straight from the horse’s mouth.
Bank of England Maintains Bank Rate at 0.5% and Increases Size of Asset Purchase Programme by Â£50 Billion to Â£175 Billion
The Bank of Englandâ€™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 financed by the issuance of central bank reserves and to increase its size by Â£50 billion to Â£175 billion.