Investing.com – The Bank of England announced that it had kept its benchmark interest rate unchanged on Thursday.
The bank said it was maintaining the benchmark interest rate at 0.5%, 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 banks monetary policy committee will be published on August 18.
Following the release of the data the pound was up against the U.S. dollar, with GBP/USD gaining 0.22% to hit 1.5918.
The bank said it was maintaining the benchmark interest rate at 0.5%, 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 banks monetary policy committee will be published on August 18.
Following the release of the data the pound was up against the U.S. dollar, with GBP/USD gaining 0.22% to hit 1.5918.