MPC keeps Bank Rate unchanged at 0.5%


MPC keeps Bank Rate unchanged at 0.5%

Economic Analysis

08 November 2012

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

"Given it currently feels as if the MPC is unlikely to change rates until most of us are well into our retirement, focus on monetary policy is almost exclusively on whether or not the Bank of England decides to open her large cheque-book. A better than expected economic performance in Q3 probably tipped the balance for the MPC deciding not to loosen policy further, keeping the cheque-book in her pocket, for now. With question marks over the effectiveness of more quantitative easing, the MPC is undoubtedly waiting to see the impact of its Funding for Lending Scheme. But with signs that the economy is slowing down, one shouldn’t rule out further QE in the future."

Stephen Boyle, Head of Group Economics

Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox