Investing.com – The Bank of England kept its benchmark interest rate unchanged for the 27th consecutive month in June, 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.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, June 22.
Following the release of that data, the pound pared gains against the U.S. dollar, with GBP/USD easing up 0.02% to hit 1.6407.
Meanwhile, European stock markets were mixed. The FTSE 100 dipped 0.05%, the EURO STOXX 50 declined 0.15%, France’s CAC 40 edged 0.1% lower, while Germany's DAX gained 0.1%.
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.
The minutes of the meeting of the bank’s monetary policy committee will be published on Wednesday, June 22.
Following the release of that data, the pound pared gains against the U.S. dollar, with GBP/USD easing up 0.02% to hit 1.6407.
Meanwhile, European stock markets were mixed. The FTSE 100 dipped 0.05%, the EURO STOXX 50 declined 0.15%, France’s CAC 40 edged 0.1% lower, while Germany's DAX gained 0.1%.