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.

Read more: http://www.businessinsider.com/bank-of-england-decision-2011-4#ixzz1KvNrrm2p
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