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Bank Rate maintained at 0.5% and size of Asset Purchase Programme increased by £75bn to £275bn

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.

Published on 06 October 2011

The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion.

Press release