MPC keeps Bank Rate unchanged

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MPC keeps Bank Rate unchanged

Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%

Economic Analysis

01 August 2012

"Team MPC left policy unchanged at today's meeting. Last month's boost to the asset purchase scheme needs a little time to bed in, as do the new schemes to encourage lending. But the situation is serious, so the Committee is unlikely to have ruled out looser policy in future."

Fionnuala Earley, UK Consumer Economist

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