- Bank of England kept its interest rate unchanged at 0.50%
Market news
5 June 2014
Bank of England kept its interest rate unchanged at 0.50%
The Bank of
England (BoE) released its interest rate decision today. The BoE kept its
interest rate unchanged at record low 0.50%. The stimulus program of the Bank
of England remained unchanged at 375 billion pounds. Investors had expected
this decision.
Investors
expect the BoE will raise interest rate in the first half of next year.
The Bank of
England governor Mark Carney mentioned before that the BoE would not raise interest
rate until joblessness fell below 7%. The unemployment rate is 6.8% now.
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