Base rate remains at 0.50% - Economy - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Base rate remains at 0.50%

Base rate remains at 0.50%

Category: Economy

Updated: 06/06/2013
First Published: 06/06/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep base rate at its historic low of 0.50% for the 51st consecutive month.

The MPC also agreed to keep the Government's quantitative easing (QE) programme total amount at £375 billion.

Minutes released by the MPC last month showed three members of the committee voted in favour of injecting a further £25 billion into the UK economy via QE, but were met with opposition and outnumbered by the remaining six members.

Base rate has stayed at 0.50% since March 2009, when the first phase of QE was introduced by the Government to boost the economy.


What next?

Compare the best savings rates
Find all the best cash ISAs with Moneyfacts.co.uk savings search
Find out how to choose the best bank account by reading our guides to help you open and manage your bank account

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close