Investing.com - Minutes from the Bank of England's most recent policy meeting released Wednesday showed that the Monetary Policy Committee voted unanimously to keep rates on hold and its quantitative-easing program unchanged.
The minutes showed all nine members were in favor of leaving the key interest rate at a record low of 0.5% and making no changes to the central bank's £375 billion asset-purchase program.
According to the minutes, two members saw the decision as "finely balanced."
Most market players expect the BOE to begin slowly raising interest rates in mid-2016.
GBP/USD was trading at 1.5722 from around 1.5669 ahead of the release of the data, while EUR/GBP was at 0.7171 from 0.7198 earlier.
Meanwhile, European stock markets held on to modest losses. London’s FTSE 100 shed 0.1%, the EURO STOXX 50 dipped 0.1%, France's CAC 40 declined 0.25%, while Germany's DAX slumped 0.2%.
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BOE minutes show unanimous 9-0 vote to keep rates, QE on hold
Published 17/06/2015, 09:38
BOE minutes show unanimous 9-0 vote to keep rates, QE on hold
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