Bank of England holds interest rate at 0.50%

Thursday, 6th December, 2012

The Bank of England’s monetary policy committee has held the base rate at 0.50%.

The committee has also voted not to extend quantitative easing beyond the existing £375bn provision. The programme has not been changed since July when it was raised by £50bn.

The interest rate has remained at the record low level of 0.50% since March 2009.


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.


Bank of England holds interest rates at 0.50%

Thursday, 4th October, 2012

The Bank of England monetary policy committee has decided to hold the base interest rate at 0.50%.

The committee has also voted not to extend quantitative easing beyond the existing £375bn provision.

The decision means the BoE base rate has now been held at 0.50% – a record low for interest rates – for over three and a half years.