MPC keeps Bank Rate unchanged

The Monetary Policy Committee (MPC) has kept the Bank Rate unchanged at 0.5%.

04 October 2012

"I would have been flabbergasted if the Committee had changed its stance this month. The Bank will wait at least until November before making another move. By then it will know how Funding for Lending and its latest burst of quantitative easing have affected conditions and whether they need to do more."

Stephen Boyle, Head of Group Economics

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