Bank of England maintains bank rate at 0.5%

The Bank of England's Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion, and so to reinvest the 14.4 billion of cash flows associated with the redemption of the September 2014 gilt held in the Asset Purchase Facility.

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