Do we have a bit of a fear of inflation in London?
The Bank of England has surprised markets by announcing no expansion of its quantitative easing scheme as it left interest rates unchanged at a record low of 0.5 percent for a fourth month running.
Britain's central bank has been buying assets with newly created money since March and is on track to hit its existing 125 billion pound target later this month.
Rather than increase the size of its buying now, it said it would review the program in August.
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