The Bank Of England Keeps Rates Unchanged
written by anjitha
at Friday, April 29, 2011
The Bank of England has kept rates unchanged.This wasn't unexpected. Recent data has shown the UK to have higher inflation than the Bank of England prefers, with a CPI of 4.4% in February.Growth has been weak, however, and in someways slowing, which is what's holding the bank back from hiking rates.
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