Economic Buzz: BoE Keeps Interest Rate, QE Unchanged

Economic Buzz: BoE Keeps Interest Rate, QE Unchanged

Jun 24, 2021 05:06 IST capital market

The Bank of England kept its key interest rate and quantitative easing unchanged, as widely expected, on Thursday. The nine-member Monetary Policy Committee unanimously decided to hold the benchmark rate at a record low of 0.1 percent. The central bank retained the existing stock of corporate bond purchases at GBP 20 billion and the government bond purchases at GBP 875 billion, taking the size of total quantitative easing to GBP 895 billion.

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