LONDON, England — The Bank of England voted by a majority of 7-2 to maintain Bank Rate at 0.75%.
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
The Committee’s new projections for activity and inflation are set out in the accompanying November Monetary Policy Report. They are now based on the assumption of an orderly transition to a deep free trade agreement between the United Kingdom and the European Union.
— Bank of England (@bankofengland) 7 november 2019