ECB and BoE join other countries in rates hold

ECB governing council

The European Central Bank (ECB) and the Bank of England (BoE) left interest rates unchanged on January 12, and said they would continue to fulfil stimulus measures announced at previous meetings.

The interest rate on the main refinancing operations in the eurozone will remain at 1%. Meanwhile the BoE's Monetary Policy Committee voted to leave the bank rate in the UK at 0.5% and the size of its asset purchase programme at £275 billion ($421.8 billion).

Speaking at a press conference in Frankfurt,

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