FTSE 100 Pares Drop After BOE Holds Rates; Commodity Shares Slip

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U.K. stocks were little changed, paring an earlier retreat after fewer Bank of England policy makers than expected voted to increase interest rates this month.

The FTSE 100 Index lost 0.1 percent to 6,747.09 at the close in London, after earlier falling as much as 0.5 percent.

The BOE said just one of its nine policy makers voted to raise rates this month as it cut its near-term inflation forecast because of falling energy prices and a strengthening pound. The 8-1 decision to keep rates at a record-low 0.5 percent was unexpected -- most economists forecast at least two would push for tightening.

Declines in miners and oil companies weighed on the benchmark. BHP Billiton Ltd. and Glencore Plc fell at least 2 percent.

Quindell Plc tumbled 28 percent in its first day of trading since June, when the company said its accounting was aggressive, policies inappropriate and that the U.K. Financial Conduct Authority had started an investigation into the company.

Old Mutual Plc added 4.9 percent after saying first-half profit rose 25 percent as operations in that country and the rest of the continent expanded.

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