BOE policy on hold on downside risks in Europe
According to the minutes of the Bank of England's Monetary Policy Committee (MPC) meeting on 6 and 7 April, published on Wednesday, the Committee agreed that it was appropriate to hold the benchmark interest rate at 0.5% in order to maintain the current stimulatory stance of monetary policy.
During discussions, the nine members agreed that output had begun to recover steadily towards the end of 2009 with a momentum that appeared to have been carried forward into the beginning of 2010.
However
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