Bank Rate held for 27th consecutive month

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The Bank of England Monetary Policy Committee (MPC) has once more voted for no change in Bank Rate it remains at 0.5%

The MPC also left the amount of Quantitative Easing unchanged

This means the Bank Rate has remained unchanged for the 27th consecutive month.
Ben Thompson, managing director of Legal & General Mortgage Club, said: “The gap between bank rate and inflation may be widening but there are precious few other indicators that provide a rationale for increasing BBR from its current rock bottom levels.

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