Since its introduction in August last year, the FLS has contributed to a sharp reduction in funding costs for banks and building societies. That has led to a reduction in borrowing costs and an increase in credit availability for UK businesses and households. This is feeding through to more lending than there would have been in the absence of the scheme. But the improvement in credit conditions since summer 2012 has been less marked for small and medium sized enterprises (SMEs) than for larger businesses and households.
Published on 24 April 2013
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release