BoE, ECB keep benchmark rates unchanged

3:10 pm August 7, 2009| Last Modified: 3:10 pm August 7, 2009

London, England (BBN) – The Bank of England (BoE) has kept its official bank rate unchanged at 0.5 percent at the monetary policy meeting.

The BoE has extended its bond buying program to a total amount of GBP 175 million in order to maintain optimum liquidity in the market. European Central Bank (ECB) also held rates at record low of 1 percent.

BBN/SS/SI/AD-07Augudt09-10:13 pm (BST)

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BoE, ECB keep benchmark rates unchanged

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