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 20 March 2019, the MPC voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion. Since the ... (full story)

The Bank of England (BOE) held interest rates steady on Thursday, amid intensifying uncertainty over Britain's departure date from the European Union. With just eight days to go before the country is set to leave the bloc, the BOE's nine-member Monetary Policy Committee (MPC), led by Mark Carney, unanimously voted to leave interest rates unchanged at 0.75 percent. The BOE had expected this to be their final meeting before Brexit, but Prime Minister Theresa May has asked the EU for an extension to the deadline. It means policymakers at the central bank have been left in limbo when it comes to implementing their plan ... (full story)