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Bank of England holds interest rates at 0.5%

Bank of England BoE Bank 480

The Bank of England monetary policy committee has decided to hold the base interest rate at 0.5 per cent.

The committee has also voted not to extend quantitative easing beyond the existing £375bn provision.

The decision means the BoE base rate has now been held at 0.5 per cent – a record low – for over three and a half years.


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