Property News Item: 00673

8th May 2008

Bank of England keeps Bank Rate at 5.0%

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 5.00%.

The Committee's latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 14th May.

The minutes of the meeting will be published at 9.30am on Wednesday 21st May.

The previous change in Bank Rate was a reduction of 0.25% to 5.00% on 10th April 2008.