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Bank of England maintains Asset Purchase Programme at £375 billion
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 continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves. The Committee expects the announced programme of asset purchases to take another three months to complete. The scale of the programme will be kept under review. The Committee’s latest inflation and output projections will appear in the Inflation Report to be published at 10.30am on Wednesday 8 August. The minutes of the meeting ... (full story)
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