Bank of EnglandThe Bank of England’s Monetary Policy Committee has decided to hold base rate at 0.5 per cent and its programme of quantitative easing at £375bn.

The minutes from last month’s MPC meeting showed the committee remained split over whether to launch another round of QE while it voted unanimously to hold interests rates at their current level. BoE governor Sir Mervyn King, deputy governor Charlie Bean and Paul Tucker voted for another £25bn of QE last month.

Bank of England maintains Bank Rate at 0.5% and and the size of the Asset Purchase Programme at £375 billion

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