Our Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.50%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 March 2018, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the ... (full story)

The Bank of England (BOE) kept its main interest rate unchanged Thursday, amid lower-than-expected inflation figures and modest improvements to wage increases. In the second Monetary Policy Committee review of the year, and as widely expected, the U.K.'s central bank held rates at their current 0.5 percent level. Ahead of the BOE's decision, economic data showed inflation easing but still staying above the 2 percent target at an annual rate of 2.7 percent, while wage increases were seen only hesitantly rising. Brexit negotiations BOE Governor Mark Carney had startled markets in February by indicating monetary policy ... (full story)