Bank of England Maintains Bank Rate at 0.5% and Continues with £125 Billion Asset Purchase Programme

June 4, 2009 by Scott  
Filed under Accountancy News

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 continue with its programme of asset purchases totalling £125 billion financed by the issuance of central bank reserves.

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