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Bank of England Leaves Interest Rates on Hold at 5.50pcent

Interest-Rates / UK Interest Rates Jun 07, 2007 - 11:12 AM GMT

By: Nadeem_Walayat

Interest-Rates

As widely expected the Bank of England left UK interest rates on hold at 5.50%. The previous change in Bank Rate was an increase of 0.25 percentage points to 5.5% on 10 May 2007. The Market Oracle is forecasting the next rate rise to occur in August 2007 UK Interest Rates - The next rise to 5.75% to occur in...

The decision to keep rates on hold gives the bank time to evaluate new inflation data for May and June, before taking the next anticipated decision to raise rates in August or earlier if the CPI again jumps above 3%


UK Interest Rates - The next rise to 5.75% to occur in...

 

The minutes of the meeting will be published at 9.30am on Wednesday 20 June.

By Nadeem Walayat
(c) Marketoracle.co.uk 2006-07. All rights reserved.

The Market Oracle is a FREE Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from a range of experienced market analysts on their views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on probable market direction. ! http://www.marketoracle.co.uk


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