Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 21st consecutive month in November, 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 GBP 200 billion.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, November 17.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD jumping 0.95% to hit a fresh 10-month high of 1.6235.
Meanwhile, European stock markets were broadly higher. The FTSE 100 soared 1.57%, the EURO STOXX 50 climbed 1.91%, France’s CAC 40 jumped 1.79%, and Germany's DAX leaped 1.53%.
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 GBP 200 billion.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, November 17.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD jumping 0.95% to hit a fresh 10-month high of 1.6235.
Meanwhile, European stock markets were broadly higher. The FTSE 100 soared 1.57%, the EURO STOXX 50 climbed 1.91%, France’s CAC 40 jumped 1.79%, and Germany's DAX leaped 1.53%.