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06.08.2015 12:34 Bank of England keeps its interest rate on hold at 0.5% in August

The Bank of England (BoE) released its interest rate decision on Thursday. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.



Analysts expect that the BoE will start to raise its interest rate in early 2016.



The central bank expects the inflation to reach 2% target by the third quarter of 2017, while Britain's economy is expected to expand 2.8% in 2015.

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