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Friday, April 29, 2011

The Bank Of England Keeps Rates Unchanged !!!!!!!!!!!!!!!!!!


Mervyn KingHeadline: The Bank of England has kept rates unchanged.
This wasn't unexpected. Recent data has shown the UK to have higher inflation than the Bank of England prefers, with aCPI of 4.4% in February.
Growth has been weak, however, and in someways slowing, which is what's holding the bank back from hiking rates.

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