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.

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5 percent on 5 March 2009.  A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009.  The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012.

The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009 and 29 November 2011.

BoE Leaves Rates Steady


BoE | Joana Taborda | joana.taborda@tradingeconomics.com
7/9/2015 12:03:39 PM