UK interest rates to remain at record low for medium-term

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UK interest rates to remain at record low for medium-term

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10-12-2009, 10:04 AM

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UK interest rates to remain at record low for medium-term

Influential think tank, the Centre for Economics and Business Research (CEBR), believes interest rates will remain at their current historic level of 0.5% until 2011.Meanwhile, rates will not reach 2% until 2014 as a result of the severe fiscal squeeze on the UK economy which will result in tax rises and spending cuts.According to its [...]

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