​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 £375 billion. The Committee’s latest inflation and output projections will appear in the Inflation Report to be published at 10.30 on Wednesday 7 August. As previously announced, the Committee will also respond to the Chancellor’s request for its assessment of the use of thresholds and forward guidance at that time. The minutes of the meeting will be ... (full story)