European stock markets were in the red on Thursday as the Bank of England (BoE) held interest rates at 5.25% in a three-way vote split.
In London, the FTSE 100 (^FTSE) was trading 0.2% lower by the end of the session, while the CAC (^FCHI) lost 1.1% in Paris, and the Frankfurt DAX (^GDAXI) was 0.4% down.
The pound (GBPUSD=X) ticked up slightly on the back of the news before falling. At the time of writing it is 0.2% down against the dollar.
In its first meeting of the year, members of Threadneedle Street’s the monetary policy committee (MPC) voted to leave the key lending rate unchanged.
The overall move was widely expected by economists, and means that rates have now been held at this level since last August.
On Thursday, the bank said it would keep interest rates “under review”, adding that inflation will hit its target of…
