The Bank of England (BoE) kept investors guessing on Thursday as to whether it might be considering a change to its pledge to keep interest rates on hold as Britain's economic recovery picks up. The BoE left monetary policy unchanged after its January 8-9 rate-setting meeting, sticking to its plan to hold borrowing costs at a record low until the country's surprisingly fast economic turnaround broadens out. It also did not take the unusual step — but one which some investors had considered possible — of issuing a statement to address the speed at which Britain's unemployment rate is falling towards its threshold for considering a rate hike. After its two-day meeting, the Bank's Monetary Policy Committee kept interest rates at 0.5 per cent, as expected by all the economists who took part in a Reuters poll. It also left its bond-buying programme unchanged at £375 billion ( $618 billion ). The turnaround in Britain's economy contrasts with the situation in the eurozone, its main trading partner, where the European Central Bank is expected to use a news conference on Thursday to remind investors it could ease policy further.
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