Bank of England leaves key rate unchanged

The Bank of England announced on Thursday that it has kept its main interest rate unchanged at 0.1 percent.

Britain's central bank says disruptions in the supply chain are hampering the prospects for economic growth. It has followed its counterparts in other countries by deciding to keep stimulus measures in place.

In the Monetary Policy Committee meeting which ended on Wednesday, the policymakers decided to stick with their quantitative easing. The Bank has been buying billions of dollars in bonds every month, to keep money flowing through the economy.

Some members argued that rising prices suggest they should pull back some of their supports.

The BOE has set monetary policy to meet its inflation target of 2 percent. It says consumer price index inflation is projected to rise temporarily in the near term to 4 percent in the fourth quarter of this year.