Bank of England Holds Interest Rates at 0.5%

Bank of England kept its benchmark interest rate at 0.5%, the vote was unanimous.

Bank of England kept its benchmark interest rate at 0.5%, the vote was unanimous.

BankofEngland

At its meeting ending on 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.5%. 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 Bank of England increased the Bank rate by 25 basis points to 0.50% in November.

Source: Bank of England

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