Loans and Finance

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Wednesday, July 28, 2010

Interest Rates To Stay Low

Mervyn King, Governor of The Bank of England, has told the Treasury Select Committee that given that risks posed to the economic recovery there will be no rush to raise interest rates.

King also gave the Chancellor, George Osborne, a mild vote of support noting that the recent emergency budget had not made a "significant difference" to the chances of Britain suffering a double-dip recession.

Hardly a ringing endorsement!

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