BOE leaves interest rates unchanged

FXStreet (Mumbai) - The Bank of England (BOE) monetary policy committee at its meeting today left the Bank Rate unchanged at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP 375 billion.

The decision to keep key policy instruments unchanged was widely in line with the market expectations. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. Meanwhile, the asset purchases initiated on March 5, 2009 last saw an increase of GBP 50 billion to a total of GBP 375 billion on 5 July 2012.