The Monetary Policy Committee of the Bank of England maintained the official Bank Rate paid on commercial bank reserves unchanged at 0.5%. The Bank also "voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion". The Bank will release inflation and output projections on the 11th of May and will release the minutes of this monetary policy meeting on the 18th of May.
www.CentralBankNews.info
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