Ben Thomson in the City
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Interest rates held at 0.5%

4 July 2013 Last updated at 12:54 BST

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

The decisions were made at the first meeting of the Bank's Monetary Policy Committee since Mark Carney took over as governor from Sir Mervyn King.

The BBC's Ben Thomson has more details.