UK interest rates and QE remain on hold

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UK interest rates and QE remain on hold

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02-10-2011, 01:41 PM

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UK interest rates and QE remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% – primarily due to sluggish economic growth, according to economists. Recent figures showed the economy contracted in the fourth quarter of 2010 so it was thought that the central bank [...]

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