BoE Bank Rate

Thursday, 7 July 2011 03:06

The Monetary Policy Committee of BoE released the Asset Purchase Facility and Bank Rate; both remaining the same at previous figures as predicted.

Asset Purchase Facility  which measures the total value of money that the Bank of England will create and use to purchase assets in the open market remains at steady at 200 billion.  The Bank Rate also remains the same at 0.5%.  Bank Rate remains at 0.5% since the last time it was changed in March 2009, when the Bank of England reduced the Interest Rate by 0.5%.