The Bank of England’s (BoE) monetary policy committee voted to continue with BoE's Asset Purchase Program, which was announced on March 5 and has asset purchases totaling £75 billion ($111 billion) financed by the issuance of central bank reserves.

The committee also voted to maintain the official bank rate paid on commercial bank reserves at 0.5%. The previous change in bank rate was a reduction of 0.5 percentage points to 0.5% March 5.

It also noted that, since its previous meeting, a total of just over £26 billion of asset purchases had been made and that it would take two more months to complete the program.

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