BoE keeps monetary policy steady

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The monetary policy committee of the Bank of England (BoE) today (September 6) voted to maintain the benchmark interest rate at 0.5% and continue the programme of quantitative easing (QE) at the current level of £375 billion ($596 billion).

A statement published by the BoE said the central bank expected the asset purchase programme to take two more months to complete. David Kern, chief economist at the British Chambers of Commerce, said it was unlikely the central bank would make further purchas

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