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Bank of England votes unanimously

The Bank of England Monetary Policy Committee voted unanimously to hold interest rates unchanged at the record-low rate of 0.5%, and the level of asset purchases at £375bn.

Under the Banks forward guidance policy the focus had been on the unemployment level falling to the threshold of 7%. However this target was left in question following the BoE Inflation report with Carney, saying the bank might not raise rates immediately following a drop in unemployment.

MPC Vote

9-0 to hold interest rates at 0.5%

9-0 to keep asset purchases unchanged at £375bn

To view the full minutes of the MPC meeting for the 6 and the 7th 2013 view this link to the Bank of England website.  

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