🔴 Exclusive webinar: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Bank of England holds key rate at 0.50%, QE unchanged at £375B

Published 11/05/2015, 12:00
Updated 11/05/2015, 12:01
© Reuters.  BoE leaves key rate at 0.50%, QE unchanged at £375B
GBP/USD
-
EUR/GBP
-
UK100
-
FCHI
-
DE40
-
STOXX50
-

Investing.com - The Bank of England kept its benchmark interest rate unchanged in May and announced no change to its asset purchase facility program, it said on Monday.

The BoE said it was holding the benchmark interest rate at 0.50%, in a widely expected move. The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

The minutes of the meeting of the central bank’s monetary policy committee will be published on Wednesday, May 20.

GBP/USD was trading at 1.5481 from around 1.5485 ahead of the announcement, while EUR/GBP was at 0.7205 from 0.7204 earlier.

Meanwhile, European stock markets were mostly lower. London’s FTSE 100 rose 0.2%, the EURO STOXX 50 dropped 1.1%, France's CAC 40 lost 1.5%, while Germany's DAX slumped 0.5%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.