Bank of England maintains Bank Rate at 0.5%
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The 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 Committee’s latest inflation and output projections will appear in the Inflation Report to be published at 10.30am on Wednesday 15 May.
The minutes of the meeting will be published at 9.30am on Wednesday 22 May.
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