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Bank of England maintains Asset Purchase Programme at £375 billion
The Bank of England’s Monetary Policy Committee at its meeting on 4 September 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 reached its decisions in the context of the monetary policy forward guidance announced alongside the publication of the August 2013 Inflation Report. Also in the context of that guidance, the Committee agreed to reinvest the £1.9 billion of cash flows associated with the redemption of the September 2013 gilt ... (full story)
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