Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 28th consecutive month in July, it announced on Thursday.
The bank 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, July 20.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.17% to trade at 1.5978.
Meanwhile, European stock markets were up. The FTSE 100 edged 0.4% higher, the EURO STOXX 50 gained 0.4%, France’s CAC 40 added 0.38%, while Germany's DAX rose 0.35%.
The bank 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, July 20.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.17% to trade at 1.5978.
Meanwhile, European stock markets were up. The FTSE 100 edged 0.4% higher, the EURO STOXX 50 gained 0.4%, France’s CAC 40 added 0.38%, while Germany's DAX rose 0.35%.