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Interest rate held at 0.5%

The Bank of England has held the interest rate at a record low of 0.5% and maintained the funding for stimulating economy at £375m, despite mounting pressure to implement emergency measures to avoid a triple dip recession.

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Bank of England leaves quantitative easing unchanged

There is no change this month in the amount of money the Bank of England pumps directly into the economy. The Bank's of England's Monetary Policy Committee is keeping quantitative easing levels at £375 billion. Last month it injected an extra £50 billion to increase spending and help the economy.

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