BoE leaves policy unchanged, as expected

The Bank of England decided by unanimous vote to leave the Bank Rate at 0.25%, as widely anticipated.

The Monetary Policy Committee (MPC) also voted unanimously to continue with the programme of £60 billion of UK government bond purchases to take the total stock of these purchases to £435 billion, financed by the issuance of central bank reserves.

The Bank of England’s MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.