BoE Holds Interest Rate and APF Steady

BoE policy makers opted to leave both interest rate and the Asset Purchase Facility unchanged at 0.50% and 200 billion pounds respectively, in line with forecasts. They completed a year-and-half of record low interest rates in order to boost the recovery that started to gain momentum amid the austerity measures adopted by the government to tame the skyrocketing budget deficit.The Committee’s