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Bank of England holds off on fresh stimulus for COVID-hit economy

Thursday, 7 May 2020 13:27 WIB

Fiskal & Moneter BOE Ekonomi inggris

The Bank of England held off from pumping further stimulus into Britain’s economy on Thursday but two of its nine policymakers voted for an increase in its bond-buying programme.

The BoE’s Monetary Policy Committee kept Bank Rate at its all-time low of 0.1% and left its target for bond-buying, most of it British government debt, at 645 billion pounds.

Both decisions were in line the forecasts of most economists in a Reuters poll.

Source: Reuters

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