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BoE holds rates ahead of King exit

The Bank of England has kept its stimulus programme of quantitative easing (QE) unchanged and also held interest rates at 0.5%.

The decision, at the last Monetary Policy Committee meeting chaired by Sir Mervyn King, was widely expected.

Most analysts do not expect any change in policy until the new Bank governor, Mark Carney, arrives in July.

The BBC's Victoria Fritz has more details.

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