BoE Leaves Monetary Policy Unchanged


At its September meeting, the Bank of England decided to leave the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The Monetary Policy Committee also voted to reinvest the £14.4 billion of cash flows associated with the redemption of the September 2014 gilt held in the Asset Purchase Facility.

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.  A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009.  The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012.

BoE Leaves Monetary Policy Unchanged


BoE | Joana Taborda | joana.taborda@tradingeconomics.com
9/4/2014 12:18:38 PM