As widely expected, the Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5% for another month since it was last cut on March 2009.

The Committee also voted to maintain the size of its asset purchase program, financed by the issuance of central bank reserves at £325 billion after the £50 billion increase on February 09, 2012. The bank said that the program will be under review and it takes another two months to complete.

The minutes of the meeting will be published at 9.30am on Wednesday 22 February.

The minutes of the meeting will be published at 9:30 AM on Wednesday 21 March.