Bank of England keeps key rate at 0.50%

THE Bank of England says it has voted again to freeze its key interest rate at a record-low level of 0.50 per cent and maintain its quantitative easing cash stimulus aimed at boosting growth.

"The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.50 per cent," it said, adding QE would remain at STG375 billion ($A572.52 billion).

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