Bank of England keeps interest rates at record low

LONDON (AP) — The prospect of an interest rate increase in the U.K. has gotten pushed back further, possibly even to 2017, to the likely relief of homeowners and grief of savers.

Faced with weak inflation and growing uncertainties in the global economy, the Bank of England's policy group voted 8-1 on Thursday to keep interest rate at a record low of 0.5 percent and signaled it could take longer than expected to start raising rates.

The policymakers suggested in a quarterly report that...

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