Mortgages
Bank of England holds interest rates at 0.5%
Written By:
Henry Brennan
Posted:
Updated:
05/12/2014
The Bank of England has maintained interest rates at 0.5% and the size of the asset purchase programme at £375bn.
The Bank’s Monetary Policy Committee (MPC) today voted to hold interest rates at 0.5% and the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
Interest rates have remained unchanged since March 2009.
The previous change in the size of asset purchase programme was made in July 2012 when it was increased by £50bn to the current total of £375bn.
