Bank of England Leaves Policy Unchanged

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The Bank of England (BoE) is not making any changes to its policy pending the outcome of the Brexit negotiations between the United Kingdom and the European Union.

 

Interest rates remain unchanged at the historically low level of 0.1 percent, and the bond buy-back program remains 895 billion pounds, equivalent to around 995 billion euros.

The decision not to change the policy was taken unanimously by BoE policymakers.

In November, the central bank increased its government and corporate bond buy-back program by £ 150 billion, to fuel the UK economy during the corona crisis and after the end of the post-Brexit transition period.

London and Brussels are still in talks about a trade deal between the UK and the EU for the period after January 1.

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