BoE holds Bank Rate at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%.
The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The full minutes will be published on Wednesday 22 April.
Nick Dixon, Investment Director at Aegon UK, commented:
“A second general election is more likely to occur before the next rate rise with expectations of a rise constantly nudged back by economic headwinds. Recent MPC commentary has indicated that the extent of the deflation risk facing the country is currently dominating discussion. These discussions are pushing the notion of a rate rise to the back of the queue.”

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