Bank of England has kept the rate unchanged

The Bank of England at its meeting on Thursday kept its base interest rate at 0.1%, in line with analysts' expectations.

Moreover, the regulator has kept the volume of asset repurchases from the market at 895 billion pounds. The redemption of government bonds at the same time is 875 billion pounds, and the volume of redemption of corporate bonds remained at 20 billion pounds.

The Bank of England continues to monitor the situation around Brexit. London and Brussels are still trying to avoid a shock scenario with the introduction of import duties on January 1. Therefore, keeping the program for buying up government debt securities at the same level should provide the regulator with sufficient «firepower» until the end of 2021.