MPC keeps Bank Rate unchanged


MPC keeps Bank Rate unchanged

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

Economic Analysis

08 April 2013

"Not enough has changed in the domestic economy over the past month for the MPC to hit the stimulus button. Members will be sleeping a little easier with an improvement in service sector activity in March which suggests the UK narrowly avoided a triple-dip recession in Q1. But the Eurozone's recent flare up will be a worry, given its potential to undermine sentiment and the UK's export prospects."

Stephen Boyle, Head of Group Economics

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox