Bank of England holds rates at 0.5 percent

FXStreet (London) - As expected, the Bank of England has held its bank rate at 0.5 percent with its asset purchase target at GBP375bn.

The headline BoE announcement was a non-event, with the release of the minutes on 17 December of greater importance where we will see if MPC members Martin Weale and Ian McCafferty maintained their support for rate hikes.