04 July 2013 12:07 [Source: ICIS news]
LONDON (ICIS)--The Bank of England (BoE) on Thursday left its key interest rate unchanged at 0.5% and maintained quantitative easing (QE) levels at £375bn (€441bn, $577bn), following recent upbeat UK economic data.
The 2008-2009 recession forced the BoE into a series of interest rate cuts, with rates falling from 5.5% in October 2008 to the current record low, which was set in March 2009.
(€1 = £0.85, $1 = £0.65)
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