BoE stays on hold in May

FXstreet.com (Córdoba) - The Bank of England's Monetary Policy Committee on Thursday decided to keep the official bank rate at a record low of 0.5% in May, where it has been since March 2009.

The BoE also voted to maintain the amount of asset purchases at £375 billion. The previous change in the size of QE was an increase of £50 billion to a total of £375 billion on July 2012.

Both decisions were expected by most analysts.