Bank of England holds bank rate at 0.5 percent

FXStreet (London) - The Bank of England concluded its meeting today with the near-universally anticipated announcement that it will hold its bank rate at 0.5 percent.

The Bank of England Monetary Policy Committee also voted to maintain its stock of asset purchases backed by quantitative easing at GBP375bn and to reinvest the GBP4.35bn cash flow from the redemption of the January 2015 gilt within its asset purchase facility.