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05/05/2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today 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 £200 billion.
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The most recent change in the size of that programme was an increase of £25 billion to a total of £200 billion on 5 November 2009.
The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009.
The Committee’s latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 11 May.
(BMcN/GK)
The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The most recent change in the size of that programme was an increase of £25 billion to a total of £200 billion on 5 November 2009.
The Bank will continue to offer to purchase high-quality private sector assets on behalf of the Treasury, financed by the issue of Treasury bills, in line with the arrangements announced on 29 January 2009.
The Committee’s latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 11 May.
(BMcN/GK)
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Interest Rates Held Again
The Bank of England today held interest rates at 0.5%, as widely predicted. Monetary Policy Committee members also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in bank rate was a reduction of 0.5 points to 0.5% on 5 March 2009.
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Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has 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 £375bn.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has 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 £375bn.
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Mother Denies Manslaughter Of Son Found Starved To Death
A 43-year-old woman has been charged with the manslaughter of her son, whose body was found in his cot almost two years after he had died. The mummified body of Hamzah Khan was found at his family home in Bradford, West Yorkshire in September 2011, having laid in a cot in his mother's bedroom for 21 months after his death.
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Convicts Arrested Over Child Murderer Death In Prison
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Worboy's Inquiry Reaches 102 Women
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Worboy's Inquiry Reaches 102 Women
Police have reported the number of suspected victims to contact them regarding a serial sex attacker has reached 102. In April 2009 John Worboys, a London taxi driver, was jailed after he was found guilty of 19 charges of drugging and sexually assaulting 12 women.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
