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Interest rates held at 5.75%
The Bank of England has voted to hold UK interest rates at 5.75 per cent for the third consecutive month.
The decision was widely anticipated by economists who predicted that the Bank would wait and see the effects of the recent credit crisis, but the next movement is now expected to be a reduction in interest rates rather than any further increase.
The Bank last changed interest rates in July, when they rose from 5.5% to 5.75%.
Post Date: October 5th, 2007
The decision was widely anticipated by economists who predicted that the Bank would wait and see the effects of the recent credit crisis, but the next movement is now expected to be a reduction in interest rates rather than any further increase.
The Bank last changed interest rates in July, when they rose from 5.5% to 5.75%.
Post Date: October 5th, 2007
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