Full Text: Bank of England MPC Comments After October Rate Decision

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

MONETARY POLICY SUMMARY The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 6 October, the MPC voted by a majority of 8-1 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at Stg 375 billion.