The Bank of England is keeping its repo rate at 4% according to an annoucement just released. ...
The Bank of England is keeping its repo rate at 4% according to an annoucement just released.
The decision was taken at a meeting of the Bank's Monetary Policy Committee.
The minutes of the meeting are expected on 14 August.
Most economists expected the decision due to recent share price falls and figures indicating that the consumer spending boom is cooling off.
The rate has remained unchanged since 8 November last year, when it was cut 0.5% to its current level.
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