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6 Mar 2014
BoE leaves policy unchanged
FXStreet (Córdoba) - The Bank of England offered no surprises Thursday and decided once again to keep its key lending rate at a record low of 0.5%, for fifth year. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.
The MPC also decided to mantain the amount of its bond-buying program unchanged at £375 billion.
The BoE has said it aims to keep rates low at least until the UK unemployment rate drops below 7%, which it doesn't expect will happen until 2016.
The minutes from the March 6 meeting will be published on Wednesday, March 19.
The MPC also decided to mantain the amount of its bond-buying program unchanged at £375 billion.
The BoE has said it aims to keep rates low at least until the UK unemployment rate drops below 7%, which it doesn't expect will happen until 2016.
The minutes from the March 6 meeting will be published on Wednesday, March 19.