Base rate remains on hold at 0.50% - Economy - News - Moneyfacts


Base rate remains on hold at 0.50%

Base rate remains on hold at 0.50%

Category: Economy

Updated: 04/10/2012
First Published: 04/10/2012

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 It is now over 6 months old so the content may be out of date.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 Monetary Policy Committee (MPC) has voted to keep Bank of England base rate on hold at its historical low of 0.50%.

The Government's quantitative easing programme, intended to boost the UK 's economy, will also remain unchanged at £375 billion, following a £50 billion injection in July.

Base rate has remained on hold at 0.50% since March 2009.

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