BoE KEEPS RATES UNCHANGED, CONTINUES WITH BOND PURCHASE PLAN

The Bank of England kept benchmark rates unchanged at 0.50 percent. The Monetary Policy Committee (MPC) also will continue with its bond purchase plan which it had decided in its previous meet to increase purchases to GBP 375 b (USD 583 b).

The U.K economy is mired in a double dip recession on two falling q/q GDP numbers. All eyes now shift to the ECB meet later tonight. (MarketWatch)



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