UK central bank keeps rates on hold as it awaits inflation signs

April 9, 2015 11:08 AM

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UK central bank keeps rates on hold as it awaits inflation signs

LONDON (Reuters) - The Bank of England kept interest rates at their record low on Thursday as policymakers wait to see whether a tumble in inflation is short-lived or turns into a bigger threat for the British economy.

In its last interest rate decision before a national election on May 7, the Bank left its benchmark borrowing rate at 0.5 percent, its level since the height of the global financial crisis in 2009.

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