(BOE) Bank of England Reduces Bank Rate by 0.5 Percentage Points to 0.5%
March 5, 2009 by admin · Leave a Comment
The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 0.5%, and to undertake a programme of asset purchases of £75 billion financed by the issuance of central bank reserves.
