Minutes of the Monetary Policy Committee Meeting held on 5 and 6 October 2011

The MPC at its meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to increase the stock of purchased assets financed by the issuance of central bank reserves by £75 billion to £275 billion.
Published on 19 October 2011

The Governor invited the Committee to vote on the propositions that:

  • Bank Rate should be maintained at 0.5%;
  • The Bank of England should finance a further £75 billion of asset purchases by the issuance of central bank reserves, implying a total quantity of £275 billion of such asset purchases.

Regarding Bank Rate, the Committee voted unanimously in favour of the proposition.

Regarding the stock of asset purchases, the Committee voted unanimously in favour of the proposition.

PDF Minutes of the meeting 

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