Bank of England keeps its interest rate on hold at 0.5% in August

Market news

6 August 2015

Bank of England keeps its interest rate on hold at 0.5% in August

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

Analysts expect that the BoE will start to raise its interest rate in early 2016.

The central bank expects the inflation to reach 2% target by the third quarter of 2017, while Britain's economy is expected to expand 2.8% in 2015.

Bank of England's Monetary Policy Committee minutes: 8-1 split to keep monetary policy unchanged

U.S.: Continuing Jobless Claims, July 2255 (forecast 2240)

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