As widely expected, the Bank of England's Monetary Policy Committee voted today to maintain the official Bank Rate on commercial bank reserves at 0.5%. They also opted to maintain the asset purchase facility financed by the issuance of central bank reserves at £200 billion.

Investors have expected the bank to keep the monetary policy unchanged yet some still were cautious of a surprise move. The details of the meeting will be presented in the minutes of the meeting on Wednesday June 22, 2011.