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European stocks closed lower Thursday as investors reacted to the Bank of England’s decision to leave interest rates unchanged.

The pan-European Stoxx 600 closed down by 0.7% provisionally, with basic resources falling over 2% to lead losses as most sectors and major bourses slid into negative territory.

The Bank of England said on Thursday it was keeping benchmark interest rates at an all-time low of 0.1% and left the size of its bond-buying program unchanged at £745 billion ($981 billion).

Looking at individual stocks, French diagnostics company Eurofins surged to the top of the European benchmark. Shares of the Paris-listed stock jumped more than 17% after the firm launched a new, lower-cost product to detect the coronavirus.

Reference: CNBC