BoE and ECB Leave Interest Rates Unchanged, 0.5% and 1%

The Bank of England today announced it would leave the interest rates on hold at 0.5%, now the seventh successive month. The Bank also decided to continue with the quantitative easing (QE) which is likely to take another month to complete. – View full BBC Article

Also today the European Central Bank (ECB) kept interest rates on hold at 1% and is expected to wait several months before raising then in order to help the eurozone economy. – View full BBC Article

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