The Bank of England’s Monetary Policy Committee (MPC) has voted to keep the Bank Rate at 0.5%.

The MPC also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves – so-called ‘quantitative easing’ at £375 billion.

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.