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Thursday, February 7, 2013

BOE leaves policy unchanged.

The Bank of England has again left its monetary policy unchanged, with its benchmark rate staying at 0.5% and its QE program dormant. Next up very soon is the ECB. Meanwhile, future BOE Governor Mark Carney has been testifying before the U.K. parliament. "The bar for (policy) alteration is very high," he said, suggesting that the policy doves' dream of GDP targeting isn't such a sure thing.

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