The Bank of England confirmed its intention to purchase £125billion worth of assets, interest rate unchanged.

[RTFX-Trading]

The Bank of England confirmed its intention to purchase £125billion worth of assets, interest rate unchanged.

The Bank of England confirmed this afternoon at 13:45 CET its intention to purchase £125billion worth of assets in the markets. The Monetary Policy Committee (MPC) is expected that the implementation of the program will take another two months. It has also declared that the magnitude of the program will remain under surveillance. The Committee also decided to leave its rate unchanged at a historic low of 0.50%.

On the day, the pound sterling was 0.20% down against its major.



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