UK interest rates have been kept unchanged at their record low of 0.5% by the Bank of England.
The Bank’s Monetary Policy Committee (MPC) also left the £375bn quantitative easing stimulus programme unchanged.
Analysts now hope that the Bank will use next week’s inflation report to signal changes to its policy of forward guidance.
There had been speculation that the Bank would issue a statement alongside the latest interest rate decision.
However, in announcing the hold in rates and quantitative easing, the MPC said it, “reached its decisions in the context of the monetary policy guidance announced alongside the publication of the August 2013 Inflation Report”.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.