The Bank of England has voted to maintain the official Bank Rate at 0.5%, which is no major surprise after the clear steer being provided by the bank as to their expected timescales for any increase in the base rate.
At the same time the committee decided to maintain the size of the Asset Purchase programme – known as quantitative easing at £375 billion.
These decisions have all come off the back of the monetary policy guidance announced alongside the publication of the August 2013 Inflation Report.
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