Bank of England kept its interest rate unchanged at 0.5%

Market news

9 October 2014

Bank of England kept its interest rate unchanged at 0.5%

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

Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on October 22.

Two MPC members voted in September for the second consecutive month to raise interest rates to 0.75% from 0.5%.

Bank of Japan Governor: there are many tools for additional easing

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the Bank of England’s interest rate decision

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