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Bank of England leaves monetary policy as is

Feb. 6, 2014 at 9:33 AM

LONDON, Feb. 6 (UPI) -- The Bank of England said Thursday it would maintain its overnight lending rate at 0.5 percent and its asset purchasing at $613 billion per month.

The BOE does not explain its policy decisions until minutes are released two weeks after a meeting.

The historically low interest rate of 0.5 percent was established in March 2009. The bank last tweaked its asset purchasing program in July 2012, when it was raised by $81.5 billion.

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