The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial reserves steady at 0.5%, and they also voted to maintain the Asset Purchase Facility financed by the issuance of central bank reserves at €200 billion as expected in the market.

The market will be waiting upon the new projections in the May Inflation Report next week on Wednesday on May 11, 2011. The minutes of the meeting will be release on Wednesday May 18, 2011.