Bank of England
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Bank of England holds interest rates unchanged at 0.5%

The Bank of England has decided to leave interest rates at 0.5%.

The cost of borrowing has been unchanged since March 2009.

The Bank also decided not to extend its quantitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.

The BBC's Business Correspondent Nigel Cassidy spoke to Ross Walker, chief UK economist at BNP.