Bank of England MPC Comments After November Rate Decision (Text)

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

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 4 November 2015, 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, and so to reinvest the Stg 6.3 billion of cash flows associated with the redemption of the December 2015 gilt held in the Asset Purchase Facility.