Bank of England kept its interest rate unchanged at 0.50%

Market news

4 September 2014

Bank of England kept its interest rate unchanged at 0.50%

The Bank of England released its interest decision today. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion.

Investors are awaiting the release of the minutes of the meeting.

Two external members of the nine-strong Monetary Policy Committee (MPC), Martin Weale and Ian McCafferty, voted last month to hike interest rate from 0.5% to 0.75%. That was the first split vote since Mark Carney became a Bank of England governor.

U.S.: Initial Jobless Claims, August 302 (forecast 298)

Foreign exchange market. European session: the euro dropped against the U.S. dollar as the European Central Bank (ECB) lowered its interest rate to 0.05% from 0.15%

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