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Interest rates on hold at 5%

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05-08-2008, 02:49 PM

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Interest rates on hold at 5%

The Bank of England’s Monetary Policy Committee (MPC) has met this morning and decided to keep UK interest rates on hold at 5%. Most City analysts had predicted that rates would remain unchanged but with a cut to 4.75% in June. Ian McCafferty, chief economic adviser to the CBI business group, said the latest data [...]

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