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Thursday, March 7, 2013

BOE follows BOJ in leaving policy unchanged.

The Bank of England has kept its benchmark lending rate at 0.5% and its QE program dormant. The decision was expected by most, although the minutes of the bank's previous meeting had prompted speculation that it is beginning to lean towards additional asset purchases. The pound shot higher after the BOE decision and was +0.4% at the time of writing.

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