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UK interest rates held at 4.5% |
| Friday, 5th May 2006 |
As had been widely expected, the Bank of England held interest rates at 4.5% for the 9th month. |
Economists had predicted the rate freeze after indications of a recovery in the UK manufacturing sector.
Last week, Kate Barker of the Bank's Monetary Policy Committee was quoted as saying, "I don't feel a great pressing need to reduce rates to stop the economy falling away."
Economists are now debating whether the next shift in rates will be up or down, as the Bank focuses on the threat to inflation from rising energy and property prices. |
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