A picture, even one of Bank of England website press releases, tells you everything:

Yes, the Bank of England’s Monetary Policy Committee once again maintained its Bank Rate at 0.5 per cent and kept the Asset Purchase Programme’s size at £200bn.

From the Bank’s statement:

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The Committee’s latest inflation and output projections will appear in the Inflation Report to be published at 10.30am on Wednesday 12 May 2010.

The minutes of the meeting will be published at 9.30am on Wednesday 19 May.

Related links:
US stocks climb as Fed keeps ‘extended period’ language – WSJ
QE experimentation, speech du jour – FT Alphaville

This entry was posted by Joseph Cotterill on Monday, May 10th, 2010 at 12:28 and is filed under Capital markets. Tagged with Asset purchase programme, bank of england, Bank Rate, Monetary policy, mpc, UK. Edit this entry.