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Bank of England holds on rates

Staff Reporter 1 minute read

The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the slowing of the domestic economy.

The decision to hold rates, according to a cross section of UK economists, will give the bank more time to assess the impact of December’s rate cut; moreover, economists  are predicting a possible cut on the cards for next month.

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Bank of England holds on rates
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