Bank of EnglandThe 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.

 The minutes of the meeting will be published at 9.30am on Wednesday 19 June.

 http://www.bankofengland.co.uk/publications/Pages/news/2013/006.aspx

Base rate has been held at 0.5 per cent for over four years, with the MPC first cutting the benchmark rate to its record-low in March 2009.

QE has been at £375bn since July, when the MPC voted to increase the size of the programme by £50bn from £325bn.

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