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Bank of England holds rates at 5pc

By Staff Reporter• Saturday, 9 Aug 2008•2 min read

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The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per cent.

The decision was largely expected as the Bank attempts to balance unyielding inflation and lacklustre economic growth.

The UK last cut rates in April this year by 25 basis points.

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Published: 08-08-08

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