BOE and ECB monetary policy

Thursday, 8 March 2012 03:26

As expected European Central Bank and Bank of England left their key interest rates unchanged.

The BoE’s Monetary Policy Committee decided today that bank’s official interest rate will remain at 0.50% and asset purchases program will be continue for another two months.

No surprise from European Central Bank either. The Governing Council announced that bank left its benchmark interest rate at 1.00% in March.

Euro keeps on gaining against all major rivals ahead of Greek bond swap decision this evening. In the afternoon trade couple EUR/USD reached 1.3250