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Bank of England kept its monetary policy unchanged
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.
Analysts expect that the BoE will delay its interest rate hike until the second half of 2015 because of low inflation, weak wages growth in the U.K. and a slowdown of the economic growth in the Eurozone.
Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on December 17.
Two MPC members voted in November for the fourth consecutive month to raise interest rates to 0.75% from 0.5%.
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