The Bank Rate will be remaining at 0.5% after it was announced this afternoon that The Bank of England's Monetary Policy Committee has voted to maintain it for another month.

The decision, taken at the committe meeting today, means that the record period of stability is nearing the six year mark.

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The base rate has been unchanged for an unprecedented period, with the last time a change was made being March 2009.
The committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion and so to reinvest the £4.35 billion of cash flows associated with the redemption of the January 2015 gilt held in the Asset Purchase Facility.

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