BoE and BoJ shun further easing as economic activity picks up

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The Bank of England (BoE) and Bank of Japan (BoJ) today held their respective monetary policies unchanged amid improving economic conditions in both countries.

The Bank of England kept its key policy rate at 0.5%, and its stock of asset purchases at £375 billion. It said the monetary policy committee (MPC) "reached its decisions in the context of the monetary policy forward guidance" announced earlier this month, without restating the criteria of that guidance.

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