Bank of England MPC Comments After Sept. Rate Decision (Text)

The following is the text of the Bank of England Monetary Policy Committee comments following the September rate decision:

The Bank of England’s Monetary Policy Committee at its meeting on 4 September voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at Stg 375 billion.

The Committee reached its decisions in the context of the monetary policy forward guidance announced alongside the publication of the August 2013 Inflation Report.

Also in the context of that guidance, the Committee agreed to reinvest the Stg 1.9 billion of cash flows associated with the redemption of the September 2013 gilt held in the Asset Purchase Facility.

The minutes of the meeting will be published at 9.30am on Wednesday 18 September.

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