London: The Bank of England on Thursday opted to keep its main interest rate at a record-low level of 0.50 percent.
The British central bank`s nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion ($632 billion, 472 billion euros), it said in a statement.
"The Bank of England`s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5 percent," the statement said.
"The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion."
Reasons behind the decisions will appear next week when the Bank of England publishes its latest economic forecasts. Minutes of the latest policy meeting will be released in two weeks` time.
