Bank of England holds rate at 5.5%

Jan. 10, 2008
The Bank of England’s Monetary Policy Committee today (January 10) decided to maintain UK interest rates at 5.5%. Interest rates were reduced by 0.25% to 5.5% on December 6 last year. The move has received criticism from industry. Ross Bowen, managing director of Connells Survey & Valuation said: "The Bank of England should have cut rates again this month. Our …

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