The Bank of England announced earlier that it would hold its benchmark lending rate at 0.5% in line with economists’ expectations. They also announced that the Bank’s asset purchase program would be increased to ?325 billion from the current ?275 billion, again in line with expectations. Meeting minutes will be published on February 22nd, which will be closely scrutinized to determine how the voting went and whether or not any of the other MPC members joined Adam Posen who is believed to have pushed for even more easing than what was announced. Read more