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Bank of England holds key rate at 0.50%, QE unchanged at £375B

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Investing.com -

Investing.com - The Bank of England kept its benchmark interest rate unchanged 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 £375 billion.

The minutes of the meeting of the central bank's monetary policy committee will be published on Wednesday, June 18.

Following the announcement, the pound held on to modest gains against the U.S. dollar, with GBP/USD easing up 0.14% to trade at 1.6762.

Meanwhile, European stock markets remained mixed. London's FTSE 100 shed 0.3%, the Euro Stoxx 50 added 0.1%, France's CAC 40 advanced 0.1%, while Germany's DAX dipped 0.1%.

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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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