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Review The UK: The Bank of England maintained its interest rate at 0.5% and did not add new purchases to its programme of asset purchases. The reason for this is that the UK has seen a couple of improved economic indicators, including GDP and PMI data. This was King’s last meeting as chairman of the interest-rate committee; the new chairman will be Caney (former governor of the Bank of Canada). We do not expect any changes in the policy to be pursued by the central bank until a couple of

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