Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 25th consecutive month in April, 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 April.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, April 20.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.13% to hit 1.6310.
Meanwhile, European stock markets were mixed. The FTSE 100 shed 0.25%, the EURO STOXX 50 gained 0.2%, France’s CAC 40 edged 0.03% higher, while Germany's DAX was down 0.2%.
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 April.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, April 20.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.13% to hit 1.6310.
Meanwhile, European stock markets were mixed. The FTSE 100 shed 0.25%, the EURO STOXX 50 gained 0.2%, France’s CAC 40 edged 0.03% higher, while Germany's DAX was down 0.2%.