"Over the past month the outlook hasn't shifted drastically, but inflation risks do appear to have nudged up"
- Victoria Clarke, an economist at Investec Securities
The Bank of England has kept its key lending rate at 0.5 per cent and decided not to increase its asset-buying program worth £375 billion or $596 billion.
"Over the past month the outlook hasn't shifted drastically, but inflation risks do appear to have nudged up," said Victoria Clarke, an economist at Investec Securities.
"Even so we continue to see the committee backing more asset purchases in November when the current target of £375bn is reached."
Also Thursday, the Halifax Bank of Scotland said House Price Index fell by 0.4% in August, after sliding 0.6% in the preceding month.
The FTSE 100 Index gained 2.11 per cent to 5,777.34. The broader FTSE All-Share Index rose 2.07 per cent to 3,011.00.
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