BREAKING NEWS

BREAKING NEWS

No change in UK borrowing cost

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No change in UK borrowing cost

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The Bank of England’s Monetary Policy Committee has again kept its main interest rate at a record-low 0.5 percent.

The decision was widely expected by analysts due to the risk of a slowdown in Britain’s economic recovery.

The UK central bank made no announcement of any changes to the purchase of assets, mostly government bonds, with newly printed money under its quantitative easing scheme.