Tag: MPC

November 02, 2017 BY Valentina Kirilova

Bank of England increases Bank Rate to 0.50%

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The…

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July 14, 2016 BY Valentina Kirilova

Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase Programme at £375 Billion

What happened during the Monetary Policy Committee meeting Financial markets have reacted sharply to the United Kingdom’s vote to leave the European Union. Since the Committee’s previous meeting, the sterling effective exchange rate has fallen by 6%, and short-term and longer-term interest rates have declined. Reflecting the fall in the level of sterling, financial market…

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