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Article: BOE keeps lending rate unchanged.
- Article from:
- UPI Energy Resources
- Article date:
- September 10, 2009
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The Bank of England said Thursday it would maintain its bank-to-bank lending rate at 0.5 percent and continue with a $291 billion program of asset purchases.
The BOE lowered its lending rate to its current, historic low in March to add liquidity to the financial system. It also began a more modest asset purchasing program in March, a $125 billion program, which it expanded in August to the current level. ...