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Interest rates UK: Savings warning as Britons fear their money isn't safe in the bank

| UPDATED: 15:05, Tue, Feb 9, 2021
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The Bank of England s Monetary Policy Committee (MPC) last week voted to maintain the Bank Rate at 0.1 percent. The central bank s Base Rate hit this record low for the first time in March 2020 in response to the coronavirus pandemic, and it has since been held at this level. ....

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Bank Of England: Bank Rate Maintained At 0.1%

Bank Of England: Bank Rate Maintained At 0.1% - December 2020
Date
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 16 December 2020, the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £20 billion. The Committee voted unanimously for the Bank of England to continue with the programme of £100 billion of UK government bond purchases, financed by the issuance of central bank reserves, and also to commence the previously announced programme of £150 bill ....

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