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Bank of England Opts Against Rate Cut Despite Brexit Vote

The Bank of England kept interest rates on hold and refrained from injecting more money into the British economy Thursday, despite some clear evidence of the initial economic damage caused by the country's decision last month to leave the European Union. The decision was somewhat a surprise - most economists had expected the central bank to cut its main interest rate from the record low of 0.5 percent to shore up the economy, which appears to have taken a hit since the June 23...

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