MPC agrees on rates

Aaron Strutt Image

Minutes from the latest monthly meeting of the Bank of England's rate setting committee has revealed that all nine members voted to maintain interest rates at 0.5%.

The Monetary Policy Committee (MPC) met on 4 and 5 April. Eight of the members also voted to maintain the size of the quantitative easing programme at £325 billion, although one member, David Miles, voted to increase the size of the initiative by an additional £25 billion.

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April 19, 2012

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