News

BoE Holds Rates, Reaffirms Pledge to Gradual Hikes
The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its August policy meeting, and reaffirmed its pledge to gradual and limited rate rises under the assumption of a smooth Brexit and some recovery in global growth. Still, the central bank lowered its GDP forecasts for 2019 and 2020 on the back of slower export growth and weak business investment.
Published on 2019-08-01

BoE Holds Rates, Cuts Q2 Growth Forecast
The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its June policy meeting and reaffirmed its pledge to gradual and limited rate rises over the forecast period, despite ongoing Brexit concerns and global trade tensions. The central bank lowered its outlook for the economy to zero on the second quarter of the year from its previous estimate of 0.2 percent growth.
Published on 2019-06-20

BoE Still Plans to Raise Rates
The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its May policy meeting and reaffirmed its pledge to gradual and limited rate rises over the forecast period, despite the slowdown in global growth and ongoing Brexit uncertainties.
Published on 2019-05-02

BoE Holds Rates
The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its March policy meeting and reaffirmed its pledge to gradual and limited rate rises over the forecast period, despite persistent concerns about Brexit. Policymakers noted that softening in global GDP and trade growth has continued, while CPI inflation is expected to remain close to the 2 percent target over coming months.
Published on 2019-03-21

BoE Holds Rates
The Bank of England voted unanimously to hold the Bank Rate at 0.75 percent during its first policy meeting of 2019 and reaffirmed its pledge to gradual and limited rate rises over the forecast period. The central bank lowered its 2019 economic growth forecast to 1.2 percent from its previous estimate of 1.7 percent amid persistent concerns about Brexit uncertainty and global slowdown; while inflation is expected to decline to slightly below the MPC’s 2 percent target in the near term, largely due to the sharp fall in petrol prices.
Published on 2019-02-07

BoE Holds Rates on Brexit Uncertainty
The Bank of England voted unanimously to hold the Bank Rate at 0.75 percent on December 20th, saying that Brexit uncertainty had "intensified considerably" over the last month while inflation is expected to ease below the 2 percent target amid falling oil prices. Meanwhile, bank staff lowered slightly its forecast for UK quarterly economic growth in Q4 to 0.2 percent from 0.3 percent previously.
Published on 2018-12-20

BoE Leaves Rates Unchanged
The Bank of England voted unanimously to leave the Bank Rate steady at 0.75 percent on November 1st 2018, in line with market expectations. Policymakers said that if the economy continues to develop in line with forecasts, further tightening will be appropriate. The stock of UK government bond purchases, financed by the issuance of central bank reserves, was maintained at £435 billion.
Published on 2018-11-01

BoE Keeps Rates Steady
The Bank of England voted unanimously to leave the Bank Rate unchanged at 0.75 percent on September 13th 2018, following a 25bps hike in the previous meeting. The decision came in line with market expectations. 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 and the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Published on 2018-09-13

BoE Hikes Bank Rate to 0.75%
The Bank of England voted unanimously to raise the Bank Rate by 25bps at 0.75 percent on August 2nd, saying recent data appeared to confirm that the dip in output in the first quarter was temporary and that the labour market has continued to tighten and wage growth has firmed.
Published on 2018-08-02

BoE Keeps Rates Steady
The Bank of England left its key Bank Rate on hold at 0.5 percent on June 21st 2018, in line with market expectations. However, 3 out of 9 policymakers, including BoE Chief Economist, voted for a rate hike compared with only 2 votes in the previous meeting.
Published on 2018-06-21

BoE Holds Key Interest Rate at 0.5%
The Bank of England voted by seven to two to keep the Bank Rate at 0.5 percent on May 10th, due to a sharp slowdown in GDP growth in the first quarter. Still, policymakers noted that wage growth and domestic cost pressures are firming gradually while CPI inflation is projected to fall back slightly more quickly than previously estimated. The bank also said that the recent weakness in data had been consistent with a temporary soft patch, suggesting an August rate hike is still on the table.
Published on 2018-05-10

BoE Holds Key Rate at 0.5%
The Bank of England voted by seven to two to keep the Bank Rate at 0.5 percent on March 22nd, saying pay growth is likely to pick up in response to the tightening labour market and inflation is expected to remain above the 2 percent target in the short term. Also, the bank reiterated that an ongoing tightening of monetary policy over the forecast period will be appropriate to return inflation sustainably to its target, raising expectations of a May rate hike.
Published on 2018-03-22

BoE Set to Hike Rates Earlier than Expected
The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on February 8th as widely expected, saying that inflation is expected to remain around 3 percent in the short term, reflecting recent higher oil prices. The bank also warned that interest rates may rise sooner than anticipated, as the economy will expand faster than expected over the next couple of years lifting inflation above 2 percent target.
Published on 2018-02-08

BoE Holds Bank Rate at 0.5% as Expected
The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on December 14th as widely expected, following a 25bps hike in the previous meeting. The Committee also voted unanimously to keep the stock of UK government bond purchases at £435 billion and the stock of sterling non-financial investment-grade corporate bond purchases at £10 billion.
Published on 2017-12-14

BoE Hikes Key Rate to 0.5%
The Bank of England raised its benchmark Bank Rate by 25bps to 0.5 percent on November 2nd 2017, in line with market expectations, signalling the beginning of a gradual tightening process. It is the first rate increase in a decade after inflation stayed well above the 2 percent target for the eighth straight month in September amid a weaker sterling and higher energy prices. Policymakers said the inflation is expected to fall in 2018, conditioned on the gently rising path of the Bank Rate. The Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the Bank Rate but 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 and the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Published on 2017-11-02

UK Interest Rates Likely to Rise Over Coming Months
The withdrawal of monetary stimulus is likely to be appropriate over the coming months, if the economy and price pressures keep growing, Bank of England Governor Mark Carney said in a speech at the IMF on Monday. Still, there are considerable risks to the UK outlook, which include the response of households, businesses and financial markets to developments related to the process of EU withdrawal, he added.
Published on 2017-09-18

BoE Set to Raise Rates
The Bank of England voted by seven to two to keep the Bank Rate at a record low of 0.25 percent on September 14th, 2017, as widely expected, saying estimates of private final demand were softer than anticipated and underlying pay growth has shown some signs of recovery, albeit remaining modest. Still, policymakers agreed that some withdrawal of monetary stimulus is likely to be appropriate over the coming months if the economy continues to grow and underlying inflationary pressures persist.
Published on 2017-09-14

BoE Holds Bank Rate at 0.25%
The Bank of England voted by six to two to keep the Bank Rate at a record low of 0.25 percent on August 3rd, 2017, as widely expected, saying GDP growth is expected to remain sluggish in the near term as the squeeze on households' real incomes continues to weigh on consumption. Also, the Committee voted unanimously to keep the stock of UK government bond purchases at £435 billion and the stock of sterling non-financial investment-grade corporate bond purchases at £10 billion. Meanwhile, the central bank cut its UK growth forecast for this year to 1.7 percent from an earlier estimate of 1.9 percent, while next year it predicts 1.6 percent growth compared to its previous 1.7 percent forecast.
Published on 2017-08-03

BoE Leaves Key Rate At 0.25%
The Bank of England voted by five to three to keep the Bank Rate at a record low of 0.25 percent on June 15th, 2017, as widely expected. Policymakers showed concerns over rising inflation and slow pay growth and the effects on household spending and GDP. 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 keep the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Published on 2017-06-15

UK Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted by a majority of 7-1 to maintain Bank Rate at a record low of 0.25 percent on May 11th, 2017, as widely expected, saying the continuing suitability of the current policy stance depends on the trade-off between above-target inflation and slack in the economy, as well as the prospects for inflation to return sustainably to target. The MPC was unanimous in its decision to keep the stock of UK government bond purchases unchanged at £435 billion.
Published on 2017-05-11

UK Leaves Key Rate Steady At 0.25%
The Bank of England Monetary Policy Committee kept the Bank Rate at a record low of 0.25 percent and left the stock of purchased assets at £435 billion on March 16th, 2017, in line with forecasts. Policymakers expect a slowdown in aggregate demand during this year and a rise in inflation to above the 2 percent target in the next few months.
Published on 2017-03-16

UK Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on February 2nd, 2017, saying inflation is likely to return to around the 2 percent target by February and then rise above it over the following months.
Published on 2017-02-02

UK Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Policymakers reiterated that the path of monetary policy would depend on the evolution of the prospects for demand, supply, the exchange rate, and therefore inflation.
Published on 2016-12-15

UK Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on November 3rd, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Meanwhile, the Committee has dropped its plans for another rate cut as the inflation rate is expected to rise way above the central bank's target over the next three years. Policymakers also said rates could move in either direction depending on changes to the economic outlook.
Published on 2016-11-03

UK Holds Base Rate at Record Low of 0.25%
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on September 15th 2016, in order to bring inflation back to 2% target and to support growth and employment. The central bank also said that a majority of members would support a further rate cut in November if the outlook at that time is consistent with the August Inflation Report projections.
Published on 2016-09-15

BoE Cuts Bank Rate to Record Low of 0.25%
The Bank of England has launched a huge new stimulus package on August 4th in order to mitigate the damage the Brexit vote would have on the UK economy. The package includes: a 25 basis point cut in Bank Rate to 0.25%; a new Term Funding Scheme to reinforce the pass-through of the cut in Bank Rate; the purchase of up to £10 billion of UK corporate bonds; and an expansion of the asset purchase scheme for UK government bonds of £60 billion to £435 billion.
Published on 2016-08-04

BoE Leaves Rates on Hold
The Bank of England unexpectedly left the Bank rate unchanged at 0.5 percent and the stock of purchased assets at £375 billion at its July meeting, the first rate decision after the Brexit vote. Markets were expecting a 25bps cut, but only one MPC member voted for it. Most members expect monetary policy to be loosened in August, according to the statement said.
Published on 2016-07-14

BoE Carney Hints at Summer Stimulus
The Bank of England is prepared to take whatever action is needed to support UK economy and it will likely have to cut interest rates over the summer, Bank of England Governor Carney said in a speech on June 30th. The Bank will also consider a host of other measures and policies to promote monetary and financial stability, he added.
Published on 2016-06-30

BoE Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on June 16th, 2016 as widely expected. Policymakers reinforced that the most significant risks concern the UK referendum on EU membership.
Published on 2016-06-16

BoE Leaves Rates at Record Low of 0.5%
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. Policymakers lowered growth forecasts, saying there are increasing signs that uncertainty associated with the EU referendum has begun to weigh on activity but left inflation projections roughly unchanged.
Published on 2016-05-12

BoE Leaves Rates On Hold
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on April 14th, 2016 as widely expected. Policymakers said there had been signs that uncertainty surrounding the referendum on UK membership of the European Union had begun to weigh on growth. At its March meeting, the central bank had already noted that the UK’s EU referendum could delay spending decisions and depress growth.
Published on 2016-04-14

BoE Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on March 17th, 2016 as widely expected. Policymakers said inflation remains weak and noted that the uncertainty surrounding the referendum on UK membership of the European Union may delay spending decisions and depress growth.
Published on 2016-03-17

BoE Leaves Rates On Hold, Votes Unanimously
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on February 4th, 2016. One policymaker has been voting for a rate hike since last summer but dropped its call as growth and inflation forecasts were lowered, signaling rates are likely to remain at record low for at least this year.
Published on 2016-02-04

BoE Signals Rates Likely to Remain at Record Low
As UK growth has slowed and inflation would remain low, is not yet the time to raise interest rates, Governor Mark Carney said in a speech at Queen Mary University in London. The governor also pointed Chinese economic slowdown, falling oil prices and gloomier global outlook as delaying factor.
Published on 2016-01-19

BoE Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion on January 14th, 2016 as widely expected. Policymakers said the outlook for growth and inflation weakened and noticed past appreciation of the pound, weak global inflation and restrained domestic cost growth are also dragging consumer prices down in addition to falling oil.
Published on 2016-01-14

UK Leaves Rate at Record Low
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its December 2015 meeting, as widely expected. Policymakers showed concerns over slower wage growth.
Published on 2015-12-10

UK Leaves Monetary Policy Unchanged
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its November 2015 meeting. Policymakers lowered its inflation and growth forecasts and said outlook for global growth has weakened, signaling the central bank is in no rush to raise rates.
Published on 2015-11-05

BoE Leaves Rates Steady as Expected
The Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its October 2015 meeting. Policymakers now expect a softer outlook for inflation and growth and showed concerns that global economic and financial developments may restrain economic activity.
Published on 2015-10-08

BoE Leaves Rates on Hold
Bank of England policymakers voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion.
Published on 2015-09-10

The Bank of England Keeps Monetary Policy Unchanged
The Monetary Policy Committee, voted by a majority of 8-1 to maintain Bank Rate at 0.5% and unanimously to maintain the stock of purchased assets at £375 billion. The Bank has also raised its growth forecasts for this year and cut its inflation projection.
Published on 2015-08-06

BoE Unanimous on Rates but a Hike May Come Soon
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent in July but some members showed concerns over upside risks to the inflation, signaling a rate hike may occur sooner than expected, minutes from last MPC meeting showed.
Published on 2015-07-22

BoE Likely to Decide When To Raise Rates by the End of the Year
A decision about the timing of raising rates will come by the end of the year and will be gradual, BoE Governor Mark Carney signaled during the speech delivered at the Lincoln Cathedral.
Published on 2015-07-17

BoE Leaves Rates Steady
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on July 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-07-09

BoE Leaves Monetary Policy Unchanged
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on June 4th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-06-04

BoE Unanimous on Rates
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent, minutes from MPC meeting held in May showed. The central bank said the dip in inflation is unlikely to last long but showed concerns over recent house price increase.
Published on 2015-05-20

BoE Cuts Growth Forecasts
The Bank of England revised down its GDP growth estimates for the next three years and signaled a rate rise may not occur until mid-2016, according to latest Inflation Report released on May 13th.
Published on 2015-05-13

BoE Leaves Rate Steady at 0.5%
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on May 11th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-05-11

BoE Unanimous on Holding Rates at Record Low
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent and expected the inflation to become negative in the coming months, minutes from MPC meeting held in April showed.
Published on 2015-04-22

BoE Holds Key Rate at Record Low
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on April 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-04-09

BoE Leaves Monetary Policy Unchanged
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on March 5th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-03-05

BoE Shows Concerns Over Low Inflation
Inflation rate is more likely than not to fall below zero, according to latest Inflation Report released by the Bank of England. Policymakers also said they are ready to take whatever action is needed to ensure inflation comes back to target, including cutting rates.
Published on 2015-02-12

BoE Holds Rates at Record Low
The Bank of England left the Bank Rate steady at 0.5 percent at its February 5th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-02-05

BoE Voted Unanimously to Leave Rates on Hold
Minutes from MPC’s meeting held in January showed policymakers voted unanimously for the first time since July to keep rates at record low as two members dropped their call for higher rates due to low inflation. A rate hike may occur later than expected as policymakers believe there's a roughly even chance of deflation in the first half of 2015.
Published on 2015-01-21

BoE Holds Rates in January
The Bank of England left the Bank Rate steady at 0.5 percent at its January 8th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Published on 2015-01-08

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee, as expected, maintained Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-12-04

BoE Cuts Inflation and Growth Forecasts
The BoE expects inflation to fall below 1 percent in the near term and growth of 3.5 percent in 2014. Forecasts from November’s Inflation Report signaled a rate rise may occur later than anticipated.
Published on 2014-11-12

BoE Leaves Monetary Policy Unchanged
The Bank of England decided to keep the bank rate unchanged at 0.5 percent on November 6th. The decision was widely expected.
Published on 2014-11-06

BoE Leaves Rates at Record Low
At its October meeting, the Bank of England decided to leave the bank rate on hold at 0.5 percent. The stock of purchased assets financed by the issuance of central bank reserves was also left unchanged at £375 billion.
Published on 2014-10-09

BoE May Raise Rates Sooner Than Expected
In a speech during the 146th annual Trades Union Congress, the Bank of England Governor Mark Carney signaled the benchmark interest rate may start rising by the spring of 2015, as the economic recovery has exceeded all expectations.
Published on 2014-09-09

BoE Leaves Monetary Policy Unchanged
At its September meeting, the Bank of England decided to leave the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-09-04

Bank of England Keeps Bank Rate at 0.5%
The Bank of England’s Monetary Policy Committee voted to maintain its benchmark interest rate at 0.5% at its meeting on August 7th. The Committee also pledged to keep the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-08-07

BoE Leaves Monetary Policy Unchanged
At its July 10th meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-07-10

BoE Signals Rate Increase
Minutes of June's monetary policy meeting showed the Bank of England could raise rates before the end of this year. Although slack estimations remain unchanged, policymakers said they were uncertain and found it somewhat surprising that markets attached only a relatively low probability of a Bank Rate increase this year.
Published on 2014-06-18

Bank of England Hints Rate Rise in 2014
On June 12th, during the annual Mansion House speech, Mark Carney said the Bank of England could raise interest rates from a record low earlier than expected as the mounting debt related to the housing market could undermine stability.
Published on 2014-06-13

BoE Leaves Monetary Policy Unchanged
At its June 5th, 2014 meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-06-05

BoE Says No Rush to Raise Rates
BoE’s Governor Mark Carney said the central bank is in no rush to raise interest rates, suggesting it will wait until next year to tight monetary policy. While the economy has edged closer to the point at which bank rate will need gradually to rise, policymakers consider there is scope to make further inroads into slack before the first increase in Bank Rate is necessary.
Published on 2014-05-14

Bank of England Keeps Rates on Hold
At its May 8th, 2014 meeting, the Monetary Policy Committee voted to maintain the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-05-08

BoE Leaves Rate Steady
At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.
Published on 2014-04-10

BoE Leaves Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.
Published on 2014-03-06

Bank of England Drops Jobs Link With Interest Rate
The Bank of England Governor Mark Carney, on February 12th, pledged the Bank would no longer tie its future policy decisions to any particular economic indicator and hinted that interest rates may need to start rising in 2015.
Published on 2014-02-12

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on February 6th to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Published on 2014-02-06

Bank of England Holds Bank Rate at 0.5%
In its January 9th meeting, the Bank of England Monetary Policy Committee decided to maintain the stock of asset purchases unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.
Published on 2014-01-09

UK Monetary Policy Unchanged in December
At its December 5th meeting, the Bank of England Monetary Policy Committee decided to leave its bond-buying programme unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.
Published on 2013-12-05

Bank of England Leaves Rates Unchanged in November
In its November 7th meeting, the Bank of England’s Monetary Policy Committee decided to leave its benchmark interest rate at a record low of 0.5 percent, as expected. The Committee also decided to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-11-07

Bank of England Keeps Policy Unchanged in October
In its October 9th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-10-10

Bank of England Keeps Policy On Hold in September
In its September 5th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Bank also announced it will reinvest the £1.9 billion of cash flows associated with the redemption of the September 2013 gilt held in the Asset Purchase Facility.
Published on 2013-09-05

Bank of England Keeps Monetary Policy Unchanged
In it August 1st meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-08-01

BoE Holds Policy Unchanged in Gov Carney's First Meeting
In its July meeting, the Bank of England’s MPC voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5% and the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. Yet, in spite of some signs of economic recovery, the new governor signaled that the Bank will keep interest rates at a record low for longer than investors had expected.
Published on 2013-07-04

Bank of England Keeps Monetary Policy Unchanged in June
In its June 6th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-06-06

Bank of England Monetary Policy Unchanged in May
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-05-09

Bank of England Keeps Monetary Policy Unchanged in April
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-04-04

Bank of England Keeps Monetary Policy Unchanged in March
The Bank of England’s Monetary Policy Committee voted in March to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-03-07

Bank of England Keeps Monetary Policy Unchanged in February
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 maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Published on 2013-02-07

Bank of England Keeps Monetary Policy Unchanged in January
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Published on 2013-01-10

Bank of England Keeps Monetary Policy Unchanged
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Published on 2012-12-06

Bank of England Keeps Monetary Policy Unchanged
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Published on 2012-11-08

Bank of England Keeps Monetary Policy Unchanged
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 £375 million, financed by the issuance of central bank reserves.
Published on 2012-10-04

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee on September 6th 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 £375 billion, financed by the issuance of central bank reserves.
Published on 2012-09-06

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on August 2nd, 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 £375 billion, financed by the issuance of central bank reserves.
Published on 2012-08-02

Bank of England Increases Size of Asset Purchase Programme by £50
The Bank of England’s Monetary Policy Committee voted on July 5th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £375 billion.
Published on 2012-07-09

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.
Published on 2012-05-10

Bank of England Leaves Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on April 5th, 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 £325 billion financed by the issuance of central bank reserves.
Published on 2012-04-05

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on March 8th 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 £325 billion financed by the issuance of central bank reserves.
Published on 2012-03-08

Bank of England Holds Bank Rate and Increases QE
The Bank of England’s Monetary Policy Committee voted on February 9th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.
Published on 2012-02-09

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on January 12t 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 £275 billion financed by the issuance of central bank reserves.
Published on 2012-01-12

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on December 8th 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 £275 billion financed by the issuance of central bank reserves.
Published on 2011-12-08

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee voted on November 11, 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 totaling £275 billion financed by the issuance of central bank reserves.
Published on 2011-11-10

Bank of England Increases Size of Asset Purchase Programme
The Bank of England’s Monetary Policy Committee voted on October 2011 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion.
Published on 2011-10-06

Bank of England Maintains Bank Rate at 0.5%
The Bank of England’s Monetary Policy Committee voted on September 8 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Published on 2011-09-08

Bank of England Keeps Monetary Policy Unchanged
The Bank of England’s Monetary Policy Committee decided on August 4 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Published on 2011-08-04