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The Bank of England (BoE) released its interest rate decision today. The BoE kept its interest rate unchanged at record low 0.50%. The stimulus program of the Bank of England remained unchanged at 375 billion pounds. Investors had expected this decision.
Investors expect the BoE will raise interest rate in the first half of next year.
The Bank of England governor Mark Carney mentioned before that the BoE would not raise interest rate until joblessness fell below 7%. The unemployment rate is 6.8% now.
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