Bank base rate remains at 0.5%
The Bank of England’s Monetary Policy Committee voted on Monday to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. Although they usually meet on the first Thurday of the month, this was changed to the 10th May due to the General Election.
The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
The Committee’s latest inflation and output projections will appear in the Inflation Report to be published at 10.30am on Wednesday 12 May 2010.
The minutes of the meeting will be published at 9.30am on Wednesday 19 May.
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