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Interest rates on hold at 5%

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09-04-2008, 07:28 PM

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Interest rates on hold at 5%

The Bank of England’s Monetary Policy Committee (MPC) has decided to keep UK interest rates on hold at 5%.The move was widely expected by analysts as the Bank battles with a possible recession and runaway inflation. This is the fifth month that interest rates have remained the same.David Blanchflower, a member of the MPC, recently [...]

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