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05/09/2013
BoE Vote To Hold Interest Rate At 0.5%
The UK's interest rate will be held at 0.5%, following a vote by the Bank of England's Monetary Policy Committee (MPC), remaining unchanged since 2009.
The group also voted to leave unchanged the £375 billion in monetary stimulus, which the bank provides through its quantitative easing (QE) programme.
The vote follows a statement last months by Bank of England governor Mark Carney, who said that the bank would not consider raising the interest rate until the UK's unemployment rate fell below 7%.
(MH/CD)
The group also voted to leave unchanged the £375 billion in monetary stimulus, which the bank provides through its quantitative easing (QE) programme.
The vote follows a statement last months by Bank of England governor Mark Carney, who said that the bank would not consider raising the interest rate until the UK's unemployment rate fell below 7%.
(MH/CD)
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07 August 2013
Bank Of England To Hold Interest Rate
The interest rate will be held until the jobless figure drops below 7%, the Bank of England have announced. Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level. Currently the UK unemployment rate stands at 7.8%.
Bank Of England To Hold Interest Rate
The interest rate will be held until the jobless figure drops below 7%, the Bank of England have announced. Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level. Currently the UK unemployment rate stands at 7.8%.
09 January 2014
Bank Of England Holds Interest Rate
The Bank of England has said it will maintain its interest rate at 0.5%. It also gave no indication as to when it might increase the rate. In August 2013, governor Mark Carney said the unemployment rate would need to fall to 7% before an increase in interest rates would be considered.
Bank Of England Holds Interest Rate
The Bank of England has said it will maintain its interest rate at 0.5%. It also gave no indication as to when it might increase the rate. In August 2013, governor Mark Carney said the unemployment rate would need to fall to 7% before an increase in interest rates would be considered.
07 November 2013
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.
05 May 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.
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.
10 April 2003
Bank of England hold interest rates at 3.75%
The Bank of England's Monetary Policy Committee has today voted to maintain the Bank's rate at 3.75%. There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
Bank of England hold interest rates at 3.75%
The Bank of England's Monetary Policy Committee has today voted to maintain the Bank's rate at 3.75%. There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
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