Ref. http://www.bankofengland.co.uk/publications/news/2010/139.htm
News Release
Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase
Programme at ￡200 Billion
9 December 2010
-
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 ￡200 billion.
The minutes of the meeting will be published at 9.30am on Wednesday 22
December.
Note 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 most recent change
in the size of that programme was an increase of ￡25 billion to a total of
￡200 billion on 5 November 2009.
Information on the Asset Purchase Facility can be found on the Bank of England
website at
http://www.bankofengland.co.uk/monetarypolicy/assetpurchases.htm.
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.
--
News Release
Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase
Programme at ￡200 Billion
9 December 2010
-
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 ￡200 billion.
The minutes of the meeting will be published at 9.30am on Wednesday 22
December.
Note 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 most recent change
in the size of that programme was an increase of ￡25 billion to a total of
￡200 billion on 5 November 2009.
Information on the Asset Purchase Facility can be found on the Bank of England
website at
http://www.bankofengland.co.uk/monetarypolicy/assetpurchases.htm.
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.
--
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