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Bank of England to Keep Interest Rate at 0.50 Percent

Bank of England to Keep Interest Rate at 0.50 Percent

The Bank of England voted on Thursday to keep its main interest rate at a record-low level of 0.50 percent, in a context of low inflation and steady economic recovery in Britain.

The central bank’s nine-strong monetary policy committee opted also to maintain the level of its cash stimulus, or quantitative easing, at £375 billion, the BoE said in a statement issued following a regular monthly meeting.

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