BoE, ECB hold their fire

Bank of England

The Bank of England (BoE) voted to keep its benchmark bank rate unchanged at 0.5% on Thursday after the conclusion of its two-day Monetary Policy Committee (MPC) meeting. The nine-member MPC has maintained the rate at 0.5%, a record low, since March 2009. Additionally, policymakers voted to keep the size of its asset purchase programme unchanged at £200 billion ($328 billion). Minutes from Thursday's MPC vote will be published on June 22. The decision was widely expected by the markets. Former

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