UK: BoE keeps rate and asset purchases unchanged at 0.5% and £375B in Jan-10

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FXstreet.com (Barcelona) - The first monetary policy meeting of 2013 saw MPC members deciding to leave things unchanged, with the Bank Rate paid on commercial bank reserves at 0.5%, and the asset purchases programme left at £375B.

"The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009", says the BoE statement. "A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009", it continued, adding that "the previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012". The minutes will be published at 9.30am on Wednesday 23 January.



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