Bank of England holds firm on interest rates
2nd August 2012
THE Bank of England today resisted calls to slash interest rates to bolster the UK’s flagging economy.The Bank’s Monetary Policy Committee opted to keep rates at their historic low and maintain quantitative easing at £375bn.There had been suggestions the MPC could be contemplating a cut following the sharp drop in GDP announced last month and yesterday’s disappointing manufacturing output figures, which showed the steepest decline in the sector for three years.The MPC will also inevitably have had one eye ov......for the full story register now for free or login below...
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