View more on these topics

Bank of England holds base rate at 0.5%


The Bank of England has maintained the base rate at 0.5 per cent and the size of the asset purchase programme at £375bn.

The Monetary Policy Committee has voted to keep the base rate at the record low where it has remained since March 2009.

The quantitive easing programme has remained unchanged since July 2012 when it was raised by £50bn.



Capital Economics UK economist Martin Beck says: “The Monetary Policy Committee’s continued inaction shows it has limited appetite for helping the economy to break out of its current insipid state. Upon his arrival in July, Mark Carney may have his work cut out in persuading the Committee of the merits of a more activist approach.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm