BoE holds the monetary policy unchanged
Dec 04 2014
The Bank of England has maintained its benchmark interest rate unchanged at 0.50 % for the month of December as well as its monthly asset purchasing program at £375 billion.
The minutes of the meeting of the central bank’s monetary policy committee will be released on December 17, which will have great importance for the investors as it will determine whether the bank will cut or hike its interest rates.
So the bank delayed the interest rates hike until 2015. After the announcement of the data, the pound dollar declined slightly.
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