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An intriguing few months ahead

The Bank of England’s rate setters left interest rates unchanged at a record low of 0.5% this month, and also voted not to further extend their programme of quantitative easing. These moves were to be expected – it was unlikely that during his last appearance in the Governor’s chair Mervyn King and his fellow members of the Monetary Policy Committee, would throw his successor, Mark Carney, a curveball.

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