Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 22nd consecutive month in December, 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 in December.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, December 22.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD falling 0.39% to hit 1.5741.
Meanwhile, European stock markets were mixed. The FTSE 100 gained 0.27%, the EURO STOXX 50 climbed 0.55%, France’s CAC 40 added 0.50%, while Germany's DAX fell 0.13%.
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 in December.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, December 22.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD falling 0.39% to hit 1.5741.
Meanwhile, European stock markets were mixed. The FTSE 100 gained 0.27%, the EURO STOXX 50 climbed 0.55%, France’s CAC 40 added 0.50%, while Germany's DAX fell 0.13%.