Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 32nd consecutive month in November, 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 GBP275 billion, following a GBP75 billion increase in the previous month.
The minutes of the meeting of the central bank’s monetary policy committee will be published on Wednesday, November 23.
Following the announcement, the pound was modestly higher against the U.S. dollar, with GBP/USD easing up 0.12% to trade at 1.5935.
Meanwhile, European stock markets were broadly higher. The FTSE 100 rose 0.1%, the EURO STOXX 50 jumped 1.15%, France’s CAC 40 gained 0.75%, while Germany's DAX rallied 1.2%.
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 GBP275 billion, following a GBP75 billion increase in the previous month.
The minutes of the meeting of the central bank’s monetary policy committee will be published on Wednesday, November 23.
Following the announcement, the pound was modestly higher against the U.S. dollar, with GBP/USD easing up 0.12% to trade at 1.5935.
Meanwhile, European stock markets were broadly higher. The FTSE 100 rose 0.1%, the EURO STOXX 50 jumped 1.15%, France’s CAC 40 gained 0.75%, while Germany's DAX rallied 1.2%.