Bank of England keeps stimulus on hold ahead of Brexit endgame

[LONDON] The Bank of England kept its stimulus programme unchanged on Thursday as it awaited the outcome of Britain's negotiations with the European Union over a post-Brexit trade deal.

The BoE left its bond-buying programme at £895 billion (S$1.61 trillion), having ramped it up by £150 billion last month.

The British central bank also kept its benchmark interest rate at a historic low of 0.1 per cent.

London and Brussels are still trying to avoid the shock of import tariffs on trade from Jan 1.

REUTERS