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BoE left interest rates unchanged

Thursday, Mar 05 2015
As it was largely anticipated, the Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. 
 
The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012. 
 
Data did not have any major impact on Sterling with Sterling remaining above 1.5240 level. Pair is likely to find support around 1.5180 and resistance above 1.5280 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
More in this category: « Markets quite ahead of ECB Unemployment Claims increased to 320,000 »

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