MPC keeps Bank Rate unchanged at 0.5%

Comment from Stephen Boyle, Head of RBS Group Economics: "The Monetary Policy Committee made no changes to the Bank Rate or quantitative easing this month.

02 August 2013

On Wednesday next week, the Bank of England will describe how it plans to carry out monetary policy in the future - specifically, whether it is going to start explaining its plans for interest rates, so called forward guidance.

Read more about this in ‘Forward guidance’ - a new tool for the Bank of England? (PDF 77KB)

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