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%

"No policy change from Team MPC at Governor King's penultimate meeting. The decision is likely to have remained close, though the Bank of England's current policy focus seems squarely on its Funding for Lending scheme. Having extended the FLS to include SMEs, the Bank is in effect already easing the delivery of credit. The MPC will also have been buoyed by recent survey's of business activity, but the search for a sustained recovery continues."

Stephen Boyle, Head of RBS Group Economics

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