Bank of England keeps rate at record low

The Bank of England voted today to keep the base interest rate at the record low of 0.5 per cent.

The Bank of England voted today to keep the base interest rate at the record low of 0.5 per cent.

The bank’s Monetary Policy Committee has maintained the official rate, which has been unchanged since March last year, despite improving economic conditions in the UK.

The committee also decided not to extend quantitative easing beyond the £200 billion which has already been injected into the economy.

The minutes of the meeting will be published on Wednesday, November 17.

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton