Bank of England Holds Rate at 0.50%, APP at 275B

The Bank of England (BoE) kept the Bank Rate at a record low stimulatory level of 0.50%, and kept its Asset Purchase Program (Quantitative Easing) unchanged at GBP 275 billion, after increasing it by 75 billion at its previous meeting. On its asset purchase program, the Bank said: "The Committee expects the announced programme to take another three months to complete. The scale of the...