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BoE in no rush to hike interest rates

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07-29-2010, 01:11 AM

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BoE in no rush to hike interest rates

Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come.Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is more [...]

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