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Bank of England maintains interest rate

Bank of England maintains interest rate
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Mubasher: The Bank of England on Thursday kept interest rate unchanged at 0.5%, backed by the approval of its nine-member monetary policy committee.

Further, the committee also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

By applying this monetary policy, the bank endeavors to meet the 2% inflation target as well as to sustain growth and employment rates