BoE keeps policy unchanged

FXStreet (Córdoba) - The Bank of England offered no surprises Thursday and decided to keep its key lending rate at a record low of 0.5%, where it has stood for over 5 years (March 2009), and the amount of its bond-buying program at £375 billion.

The BoE has said it aims to keep rates low at least until the UK unemployment rate drops below 7%, which it doesn't expect will happen until 2016. Officials however have said in the past that the unemployment rate constitutes a threshold, rather than a trigger for rate hikes.

The minutes from the April 10 meeting will be published on Wednesday, April 23.