BoE keeps interest rates unchanged and halts quantitative easing

The Bank of England has decided against further quantitative easing (QE), the policy designed to stimulate growth in the UK economy.

Under QE, the Bank has pumped new money into the economy by buying assets such as government bonds, as a way to boost lending by commercial banks.

Last week, it revealed it had spent all of the £200bn it created for QE.

The Bank also kept interest rates on hold at a record low 0.5% for the 11th consecutive month.

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