Thursday, July 5, 2012
Another brick in the wall
Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by Â£50 billion to Â£375 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 increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by Â£50 billion to a total of Â£375 billion.