The Bank of England approved issuance of GBP50 billion

Note: This section contains information in English only.
Source: Bank of England

On Thursday, 4th of July, Monetary Policy Committee of the Bank of England approved issuance of GBP50 billion from its reserves to finance asset-purchasing programme. The total amount of money issued for the year 2012 will amount GBP375 billion. The programme is expected to end in four months.  Moreover, the committee decided to leave Bank Rate for commercial banks at 0.5% .

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Thu, 05 Jul 2012 13:53:41 GMT

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