The BoE also said it would maintain at 375
billion pounds its stockpile of government bonds which it bought
as part of its attempts to steer the economy through the fallout
from the global financial crisis.
Both decisions were widely expected. The BoE has kept rates at
their record low level since the depths of the financial crisis
in early 2009.
The Bank is expected to raise rates only next year. A small
majority of economists have predicted a first hike in the first
quarter of 2015 while bets in financial markets point to the
middle of the year or later.
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