Investing.com - Minutes from the Bank of England's most recent policy meeting released Wednesday showed that the Monetary Policy Committee voted unanimously to keep rates on hold and its quantitative-easing program unchanged.
The minutes showed all nine members were in favor of leaving the key interest rate at a record low of 0.5% and making no changes to the central bank's £375 billion asset-purchase program.
According to the minutes, two members saw the decision as "finely balanced", while all members agreed that rates more likely than not to go up over the next three-year period.
Most market players expect the BOE to begin slowly raising interest rates in mid-2016.
GBP/USD rose to 1.5530 from around 1.5492 ahead of the release of the data, while EUR/GBP was at 0.7151 from 0.7165 earlier.
Meanwhile, European stock markets held on to losses. London’s FTSE 100 shed 0.4%, the EURO STOXX 50 dipped 0.1%, France's CAC 40 slumped 0.4%, while Germany's DAX declined 0.35%.
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BOE minutes show unanimous 9-0 vote to keep rates, QE on hold
Published 05/20/2015, 04:32 AM
BOE minutes show unanimous 9-0 vote to keep rates, QE on hold
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