BoE and Fed keep policy on hold

federal reserve

The Federal Reserve and Bank of England were tight-lipped over the future of their respective monetary policies today, as both central banks kept their interest rates and asset purchase programmes on hold.

The Federal Open Market Committee (FOMC), when announcing its decision yesterday, changed less than 50 words from its statement in June. The sections dealing with the Fed's monetary policy – comprising the bulk of the statement –were entirely unchanged.

What little changes there were, however,

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