Base rate held at 0.5% plus £25bn boost for UK economy

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Base rate held at 0.5% plus £25bn boost for UK economy

Economy Discussion of the UK economy and economic news.

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11-05-2009, 02:42 PM

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Base rate held at 0.5% plus £25bn boost for UK economy

The Bank of England’s Monetary Policy Committee has kept the base rate at 0.5% in November, as widely expected. The historically low rate has been extended for the eighth successive month, in efforts to keep borrowing as cheap as possible as the UK struggles on in recession. In addition, the Bank has announced that it will pump [...]

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