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Promoting the good of the people of the United Kingdom by maintaining monetary and financial stability

Top News

Minutes of the Monetary Policy Committee Meeting held on 7 and 8 October 2014

22 October 2014

Minutes of the MPC Meeting held on 7 and 8 October reveal a 7-2 split regarding the Bank Rate and a unanimous vote on the stock of purchased assets. More »

Other News

News Release - Bank of England sets out how it will resolve failed institutions More »

23 October 2014

Monetary policy, asset prices and distribution - speech by Ben Broadbent More »

23 October 2014

News Release - Monetary policy, asset prices and distribution - speech by Ben Br... More »

23 October 2014

Agents' Summary of Business Conditions - October 2014 More »

22 October 2014

In Focus

Houblon £50 note

Exchange your old £50 notes in high street banks by 30 October More »

Visit the Bank Museum

The Museum is open from Monday to Friday, 10:00-17:00 More »

Interest rates and the Monetary Policy Committee (MPC)

Read our postcard to learn about interest rates and the role of the MPC More »

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Financial Stability Paper 30: Dear Prudence, won’t you come out to play? Approaches to the analysis of CCP default fund adequacy – David Murphy and Paul Nahai-Williamson (14:00)
24 October 2014
Working Paper No. 514: Optimal monetary policy in the presence of human capital depreciation during unemployment - Lien Laureys (14:00)
24 October 2014
Minouche Shafik: Speech “Making Markets Fair and Effective” at the London School of Economics (18:30), London. Text to be released
27 October 2014
Asset Purchase Facility Quarterly Report - 2014 Q3 (09:30)
27 October 2014

Key Facts

Current Bank Rate Inflation Target 0.5%
View decisions and minutes Next due:
6 Nov 2014
Quantitative Easing Asset Purchase Programme Inflation Target £375 bn
More information Next due:
6 Nov 2014
Current Inflation Inflation Target 1.2%
Next due:
18 Nov 2014
Inflation Target Inflation Target 2.0%
More information