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10th Dec 2009
Bank holds base rate at 0.5%
The Bank of England has held the base rate at 0.5%, with no extension to the quantitative easing programme.
The Monetary Policy Committee voted to continue with its programme of asset purchases totalling £200bn financed by the issuance of central bank reserves.
The MPC says that it expects that the programme will take another two months to complete and the scale of the programme will be kept under review. |
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