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4th Feb 2010
Bank of England holds base rate
The Bank of England’s Monetary Policy Committee has voted to keep interest rates at 0.5% and brought quantitative easing to a halt.
The Bank has used up its £200bn budget on buying up government bonds in its attempt to boost the money supply, having spent £200.24bn on quantitative easing so far.
Interests rates have now been at 0.5% for 11 months in a row. |
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