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Bank of England holds key interest rate at 0.50%, QE unchanged

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Investing.com - The Bank of England kept its benchmark interest rate unchanged for the 49th consecutive month in April 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 GBP375 billion.

The minutes of the meeting of the central bank's monetary policy committee will be published on Wednesday, April 17.

Following the announcement, the pound held on to losses against the U.S. dollar, with GBP/USD shedding 0.43% to trade at 1.5067.

Meanwhile, European stock markets were higher. London's FTSE 100 added 0.1%, the EURO STOXX 50 rose 1.1%, France's CAC 40 tacked on 1%, while Germany's DAX advanced 0.7%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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