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Home > Investments > Economic Indicators

Bank of England holds base rate at 0.5%

Monetary Policy Committee holds rates again and makes no change to QE programme.

By Nick Reeve | Published Sep 06, 2012 | comments

The Bank of England has held base interest rates at 0.5 per cent for the 42nd month in a row.

As was widely expected, the bank’s rate-setting Monetary Policy Committee held the interest rate at an all time low, marking three and half years since the last change.

It also maintained quantitative easing (QE) at £375bn, as the Bank is still in the process of buying up government bonds using the £50bn additional QE announced in July.

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