Bank of England Maintains Bank Rate at 0.50%
London | 14th December 2017
At its meeting ending on 13 December 2017, the Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.5%.
” BANK OF ENGLAND Maintains Bank Rate at 0.5%, TARGET 2% INFLATION “
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
The Committee will monitor closely the incoming evidence on the evolving economic outlook, including the impact of last month’s increase in Bank Rate, and stands ready to respond to developments as they unfold to ensure a sustainable return of inflation to the 2% target.
Official Press Release by Bank of England
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