Bank of England Set To Keep Rates Unchanged

UK Interest Rate And Quantitative Easing
UK Interest Rate And Quantitative Easing

The Bank of England is set to maintain its benchmark bank rate at 0.75 percent, and retain the stock of corporate bond purchases at GBP 10 billion and government bond purchases at GBP 435 billion.

The previous change in the bank rate was a quarter-point hike in August 2018 and the rate is now at its highest level since 2009.

Quantitative easing, a tool used to boost spending and investment in the economy, was last increased in August 2016.

The announcement is due on January 30, Thursday, at 7 am ET.