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.

United Kingdom December BoE Asset Purchase Facility stays unchanged at £375B

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GBP/USD steady as BoE stands pat

The GBP/USD remained little changed near daily lows after the Bank of England decided to keep its key rate and the size of the bond buying program unchanged in December.
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