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Bank of England maintains base rate at 0.5%

The Bank of England’s Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with the programme, announced on 5 March, of asset purchases totalling £75 billion financed by the issuance of central bank reserves.

The Committee noted that since its previous meeting a total of just over £26 billion of asset purchases had been made and that it would take a further two months to complete that programme.

09 April 2009

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

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