Showing posts with label Interest rates. Show all posts
Showing posts with label Interest rates. Show all posts

Thursday, March 6, 2008

Bank keeps interest rates on hold


The Bank of England's rate-setting Monetary Policy Committee (MPC) has decided to keep interest rates on hold at 5.25%.


The decision was in line with analyst and market expectations.


Analysts have highlighted that the Bank faces the threat of a slowing economy at a time when inflationary pressures are rising.

In February, the bank cut rates by a quarter of a percentage point from 5.5%, amid signs of a slowdown




So holding of interest rates can be a good thing. They are definitely not increasing which is a good thing.


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