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BoE holds fire on stimulus

LONDON (Reuters) - The Bank of England added no more stimulus to the economy yesterday after its November policy meeting, seeming to want evidence of a sharper economic slowdown before it considers the US path of more quantitative easing.

The BoE's decision contrasts with a move by the US Federal Reserve on Wednesday to buy $600 billion of bonds with new money over the next eight months, after what it called "disappointingly slow" progress towards its economic targets.

Economists had seen an outside chance the BoE might choose to add to the £200 billion ($322.7 billion) of assets purchased between March 2009 and January this year, in a pre-emptive move against the effects of hefty public spending cuts due next year.