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

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

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 3 February 2016, the MPC voted unanimously to maintain Bank Rate at 0.5%. The Committee also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion.