DM:Bank Of England Holds Benchmark Interest Rate At 0.50%
Forexpros – The Bank of England kept its benchmark interest rate unchanged for the 30th consecutive month in September, it announced on Thursday.
The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.
The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, September 21.
Following the release of the data, the pound was fractionally higher against the U.S. dollar, with GBP/USD easing up 0.06% to trade at 1.6001.
Meanwhile, European stock markets were broadly higher. The FTSE 100 rose 0.55%, the EURO STOXX 50 climbed 0.95%, France’s CAC 40 gained 0.65%, while Germany’s DAX jumped 0.9%.
