RTTNews - Thursday, the Bank of England maintained its key interest rate at a historic low as expected and voted to continue with its asset purchase scheme.

At the end of two-day rate setting meeting, the Monetary Policy Committee maintained the Bank Rate at 0.5%, the lowest since the central bank was established in 1694.

The central bank will continue with its bond purchases programme totaling GBP 125 billion using central bank reserves. The MPC expects the scheme to take another two months to complete. The BoE said the scale of the programme will be kept under review.

The central bank will release the minutes of the meeting on June 17.

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