The Bank of England will continue its quantitative easing programme. The Bank’s Monetary Policy Committee (MPC) today announced that it expects the programme to be completed next month.
The MPC will review the scale of the programme again at its August meeting. The Asset Purchase Facility, which was increased from £75 billion to £125 billion in May, has so far purchased assets totalling £112 billion.
Interest rates, meanwhile, were kept on hold at 0.5%, in line with expectations.