Property News Item: 00479

2nd Aug 2007

Bank of England maintains Bank Rate at 5.75%

Source: http://www.bankofengland.co.uk

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.75%.

The Committee's latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 8th August.

The minutes of the meeting will be published at 9.30am on Wednesday 15th August.

The previous change in Bank Rate was an increase of 0.25% to 5.75% on 5th July 2007.