Bank holds base rate at 0.5% with no more QE

Friday, 9th November, 2012

The Bank of England has maintained the base rate at 0.50% and the size of the asset purchase programme at £375bn.

The Bank’s Monetary Policy Committee today voted to keep the base rate at the record low level of 0.50% where it has remained since March 2009.

The quantitive easing programme has been held at £375bn. The programme has not been changed since July 2012 when it was raised by £50bn.

Committee members will next vote on 6 December.