Thursday, 01 August 2013 12:14
Rates remain unchanged at Bank of England
The Monetary Policy Committee has held rates at 0.5 per cent and asset purchases at £375bn.
This month's meeting, which concluded today, was the second meeting with new Governor Mark Carney. His first meeting in July also left rates unchanged with a unanimous decision from the committee.
Interest rates have remained at 0.5 per cent since March 2009 while the last asset purchase addition was made in July 2012.
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There will be more details given on Mr Carney's future plans when he issues the latest Inflation Report on 7 August. At the same time, he will also state the Bank's plans on the use of thresholds and forward guidance.
These were two 'special measures' mentioned in the Budget which Chancellor George Osborne wants the Bank to use to stimulate the economy.
Further details of today's decision will be given in the MPC minutes which will be released on 14 August.
Spetmeber's MPC meeting will be held slightly earlier on 3-4 September rather than 4-5 September in order for Mr Carney to attend a G20 Summit in St Petersburg. The interest rate decision will be published on Thursday 6 September as usual.
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This month's meeting, which concluded today, was the second meeting with new Governor Mark Carney. His first meeting in July also left rates unchanged with a unanimous decision from the committee.
Interest rates have remained at 0.5 per cent since March 2009 while the last asset purchase addition was made in July 2012.
{desktop}{/desktop}{mobile}{/mobile}
There will be more details given on Mr Carney's future plans when he issues the latest Inflation Report on 7 August. At the same time, he will also state the Bank's plans on the use of thresholds and forward guidance.
These were two 'special measures' mentioned in the Budget which Chancellor George Osborne wants the Bank to use to stimulate the economy.
Further details of today's decision will be given in the MPC minutes which will be released on 14 August.
Spetmeber's MPC meeting will be held slightly earlier on 3-4 September rather than 4-5 September in order for Mr Carney to attend a G20 Summit in St Petersburg. The interest rate decision will be published on Thursday 6 September as usual.
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
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