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Bank's interest rise warning

The Bank of England, under the new leadership of Mark Carney, has hinted that the interest rate might not rise in the near future. The rate remains at 0.5% - unchanged since March 2009. It also suggested inflation "will further rise in the near term"

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Bank of England keeps interest rate at 0.5%

The Bank of England Credit: Reuters

The Bank of England (BoE) has kept the interest rate at 0.5%.

The rate has remained unchanged since March 2009.

The rate decision is the first since Mark Carney took over as Governor of the Bank of England on Monday.

The Bank also left the scale of its quantitative easing (QE) programme to boost the money supply unchanged at £375 billion.

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