Posted by: youngragingbull | June 6, 2013

BOE holds key lending rate & asset purchases

The Bank of England on Thursday kept its key lending rate at a record low of 0.5% unchanged as well as the size of its bond-buying program.

The lending rate, which determines interest rates for commercial and retail customers, has stood unchanged since March 2009.

The bank’s Monetary Policy Committee left its asset purchases, the centerpiece of its quantitative-easing strategy, at 375 billion pounds ($579 billion).

Minutes from the June meeting will be published on Wednesday June 19.

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