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0.1% Current Bank Rate Next due: 6 August 2020 |
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£745bn Quant**ative Easing |
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0.5% Current inflation rate Target 2.0% |
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Bank Rate maintained at 0.1% - June 2020 Our MPC voted unanimously to maintain Bank Rate at 0.1% and to continue with the existing programme of £200 billion of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves. The Committee voted by a majority of 8-1 to increase the target stock of purchased UK government bonds, financed by the issuance of central bank reserves, by an additional £100 billion, to take the total stock of a***et purchases to £745 billion. Read more about Bank Rate maintained at 0.1% - June 2020 |
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Financial System Resilience: Lessons from a real stress - speech by Jon Cunliffe Given during the Investment a***ociation webinar Read more about Financial System Resilience: Lessons from a real stress - speech by Jon Cunliffe |
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Monetary Policy Report and Interim Financial Stability Report - May 2020 The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and a***ess the financial system’s resilience to that scenario. Read more about Monetary Policy Report and Interim Financial Stability Report - May 2020 |
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