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The Bank of England leaves rate and buyback programme volume unchanged

The Bank of England (BoE) did not change its policy while the outcome of the UK-European Union Brexit negotiations are unclear. Interest rates remain unchanged at the historically low level of 0.1 percent, and the bond buy-back programme volume remains GBP 895 billion.

The decision not to challenge the policy was taken unanimously by the BoE’s policy-makers. In November, the central bank increased its public and corporate bond buyout programme by 150 billion pounds, thus boosting the UK economy during the crisis and after the end of the transitional period after the Brexit.

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

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