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Bank of England keeps rates steady, promises more asset purchases if needed

The BoE said it was maintaining the total size of its bond-buying program – comprising mostly British government debt and some corporate bonds – at 645 billion pounds ($774 billion).

The central bank made two emergency cuts to its key interest rate earlier this month and boosted its bond-buying program in a bid to offset some of the hit to the economy from the spread of the coronavirus and the government’s response to it.

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