UK interest rates left at 0.5%

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Source: BBC
The Bank of England left the key interest rate unchanged at 0.5% and continued to extend its bond purchasing scheme. The interest rates have remained at 0.5% for third year already. However, the bank started to be more concerned about accelerating inflation as CPI increased to 3.5% in March. Growing inflation and sluggish economic expansion put the bank in a complicated position, said McCafferty from the CBI.


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Fri, 11 May 2012 09:57:13 GMT

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