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FTSE 100 close lower on Wed.

Xinhua, March 26, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, decreased Wednesday by 0.41 percent, or 28.71 points, to 6,990.97.

The stock index declined as comments from the Bank of England (BoE) about the potential rate cut were released.

Kristin Forbes, a member of the BoE's Monetary Policy Committee (MPC), predicted on Wednesday that Britain's inflation was likely to turn negative next month, and that the central bank could cut rates further if low inflation persisted.

TUI AG Reg Shs's share price increased by 2.62 percent, topping the gainers of the blue chips. BG Group, Rio Tinto, Centrica and BT Group increased by 1.69 percent, 1.46 percent, 1.40 percent and 1.08 percent respectively.

ARM Holdings topped the losers of the blue chips with a hefty share price drop of 6.08 percent, followed by Sage Group (2.74 percent), Barclays (2.53 percent), InterContinental Hotels Group (2.30 percent) and Shire (2.26 percent).

The index has gained 7.64 percent so far this year when measured in U.S. dollars. Endit