Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £325 billion

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.  The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.

The minutes of the meeting will be published at 9.30am on Wednesday 20 June. 

Notes to Editors

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 £325 billion on 9 February 2012.

 

Information on the Asset Purchase Facility can be found on the Bank of England website athttp://www.bankofengland.co.uk/monetarypolicy/Pages/qe/default.aspx. 

 

The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009 and 29 November 2011.