Bank keeps Base Rate at 0.5% and make no change to Quantitative Easing

Bank of England Money & Credit Stats

The Bank of England’s Monetary Policy Committee votes last week to maintain the Bank’s base rate at 0.5%, continuing the historic lows introduced in March 2009.

They also voted to maintain the level of asset purchases financed by the issuance of central bank reserves at £375 billion. This was first started in January 2009 and commonly known as Quantitative Easing and has had 1 increase the in the amount available to it back in July 2012.

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