BOE maintains Bank rate at 0.5%

FXStreet (Mumbai) - The Bank of England (BOE) Monetary Policy Committee (MPC) left the Bank Rate unchanged at 0.5%. The Committee also voted to maintain the stock of the purchased assets financed by the issuance of central bank reserves at GBP 375 billion.

The previous move from the BOE was a reduction of 0.5 percentage points in the bank rate to 0.5% on 5 March 2009. The bank’s latest inflation and output projections will be released via its Inflation Report to be published at 10.30 a.m. on Wednesday. On the same day, an open letter from the Governor to the Chancellor of the Exchequer will be published, following the release of data for CPI inflation of 0.0% in March.