The Bank of England left its key interest rate unchanged at a record low of 0.5 percent on Thursday in a decision widely anticipated by analysts.
The central bank also kept the size of its bond purchases under the quantitative easing (QE) program at £375 billion ($577 billion) and made no statement after the monetary policy decision.
An improving economy, in particular a strengthening in the jobs market, has boosted talk in recent weeks that the BoE could be among the first of the world’s major economies to lift interest rates that were slashed to near zero during the global financial crisis.
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.