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- Bank of England kept its interest rate unchanged at 0.5% as widely expected
Bank of England kept its interest rate unchanged at 0.5% as widely expected
The Bank of England (BoE) released its interest rate decision today. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.
A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.
Some analysts speculate that the BoE will hike its interest rate in the first quarter of 2015, while some analysts expect interest hike in the middle of the year or later.
Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on November 19.
Two MPC members voted in October for the third consecutive month to raise interest rates to 0.75% from 0.5%.
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