The Bank of England's Monetary Policy Committee (MPC) today voted to maintain base rate at 4.5%.
Errol Francis, UK Equities portfolio manager at Credit Suisse, commented: “For the eighth month running, the Bank of England decided to leave its benchmark interest rate unchanged at 4.5% following its April meeting. The decision follows data suggesting that UK economic growth could be moderating. “The Chartered Institute of Purchasing and Supply reported this week that its index had fallen from 58.9 in February to 57.4 in March. On top of this was weaker than expected manufacturing data, with factory production falling 0.2% in February after a small increase in the previous month. The wea...
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