The Bank of England’s Monetary Policy Committee today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. The Committee reached its decisions in the context of the monetary policy guidance announced alongside the publication of the August 2013 Inflation Report. Also in the context of that guidance, the Committee agreed to reinvest the £8.1 billion of cash flows associated with the redemption of the March 2014 gilt held in the Asset Purchase Facility. The minutes of the meeting will be published at ... (full story)