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

Market news

10 September 2015

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

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 cut its GDP forecast for the third quarter to 0.6% from 0.7% due to the recent weak manufacturing and industrial production data

Canada’s new housing price index climbs 0.1% in July

U.S.: Import Price Index, August -1.8% (forecast -1.6%)

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