Loans and Finance

Loans and Finance


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Friday, February 09, 2007

Bank Leaves Rates on Hold

As expected, the Bank of England left interest rates on hold yesterday at 5.25%.

This came as no surprise to the majority of financial pundits. They do, however, predict that rates will rise in the summer.

Next Wednesday the Monetary Policy Committee (MPC) will publish its latest quarterly inflation and growth forecasts. These figures will help guide predictions for the coming months.

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