5 Dec 2013
BoE leaves policy unchanged
FXstreet.com (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%, where it has stood since March 2009, and 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 December 5 meeting will be published on Wednesday, December 18.
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 December 5 meeting will be published on Wednesday, December 18.