The Bank Rate was maintained at 5.5 percent at the Monetary Policy Committee  (MPC) meeting held on August 22, 2017. The outlook for price stability remains positive as inflation is forecast to be low and close to the lower bound of the 3 – 6 percent objective range in the medium term. Meanwhile, inflation decreased modestly from 3.5 percent in June to 3.4 percent in July 2017.


Read Monetary Policy Committee decision statement