Investing.com - The Bank of England kept its benchmark interest rate unchanged for the 39th consecutive month in June and announced no change to its asset purchase facility program, it said on Thursday.
The BoE 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 GBP325 billion, following a GBP50 billion increase back in February.
The minutes of the meeting of the central bank’s monetary policy committee will be published on Wednesday, June 20.
Following the announcement, the pound turned higher against the U.S. dollar, with GBP/USD adding 0.24% to trade at 1.5535.
Meanwhile, European stock markets remained broadly higher. London’s FTSE 100 climbed 1.2%, the EURO STOXX 50 jumped 1%, France’s CAC 40 gained 1%, while Germany's DAX advanced 0.95%.
The BoE 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 GBP325 billion, following a GBP50 billion increase back in February.
The minutes of the meeting of the central bank’s monetary policy committee will be published on Wednesday, June 20.
Following the announcement, the pound turned higher against the U.S. dollar, with GBP/USD adding 0.24% to trade at 1.5535.
Meanwhile, European stock markets remained broadly higher. London’s FTSE 100 climbed 1.2%, the EURO STOXX 50 jumped 1%, France’s CAC 40 gained 1%, while Germany's DAX advanced 0.95%.