News Summary: BOE: no change in rates, stimulus

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STATIC INTEREST: The Bank of England resisted the urge to revive its economy by lowering borrowing cost, keeping its base interest rate at the all-time low of 0.5 percent.

NO STIMULUS EITHER: There had been chatter that the central bank would approve addition stimulus funds in lieu of lowering interest rates. That did not happen, meaning that the country’s stimulus program of asset purchases remains at a total of 325 billion pounds ($524 billion).

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