Bank of England has kept key interest rates at 0.50%

At the meeting on Thursday, 10 December, the Committee on Monetary Policy Bank of England has kept the rate of compulsory reserves of commercial banks at 0.50%. This decision was predicted by most analysts. At the same meeting it was decided to continue the program of asset purchases, the private sector by the central bank reserves of 200 billion pounds.
Minutes of committee meetings on monetary policy will be published on Thursday, December 23. The last time the Bank of England rate was reduced by 50 basis points to the level of 0,50% at the meeting of March 5, 2009. Program for the purchase of assets was launched March 5, 2009. The last time the volume was increased by 25 billion pounds at the meeting of November 5, 2009.