Bank of England Maintains Bank Rate at 0.50%
London | 8th February 2018
At its meeting ending on 7 February 2018, the MPC voted unanimously to maintain Bank Rate at 0.5%.
” BANK OF ENGLAND MAINTAINS BANK RATE AT 0.5%, TARGET 2% INFLATION “
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
In light of these considerations, all members thought that the current policy stance remained appropriate to balance the demands of the MPC’s remit. Any future increases in Bank Rate are expected to be at a gradual pace and to a limited extent. The Committee will monitor closely the incoming evidence on the evolving economic outlook, and stands ready to respond to developments as they unfold to ensure a sustainable return of inflation to the 2% target.
Official Press Release by Bank of England