Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 23rd consecutive month in February, 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 in February.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, February 23.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.36% to hit 1.6042.
Meanwhile, European stock markets were broadly lower. The FTSE 100 slumped 0.94%, the EURO STOXX 50 tumbled 1.11%, France’s CAC 40 dropped 0.92%, while Germany's DAX fell 0.44%.
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 in February.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, February 23.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.36% to hit 1.6042.
Meanwhile, European stock markets were broadly lower. The FTSE 100 slumped 0.94%, the EURO STOXX 50 tumbled 1.11%, France’s CAC 40 dropped 0.92%, while Germany's DAX fell 0.44%.