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Interest rates kept on hold at 0.5%

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The Bank of England’s Monetary Policy Committee has today voted to keep the base rate on hold at 0.5%.

The MPC also opted to maintain the size of the Asset Purchase Programme at £200bn.

Interest rates have been on hold at 0.5% since March 2009.

Minutes from April’s MPC meeting revealed three members voted for a rate rise, the same number as in March.

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