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BoE Holds Rate, Inflation Worries |
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Author: 123jump.com Staff
123jump.com
Last Update: 10:00 AM EST March 06 2008
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The Bank of England left its rate at 5.25% after lowering the rates in the previous meeting on eb 7th. Since then credit markets have remained on the decline, inflation in the country has been on the rise, and retail sales have moderated.Home prices continue to be elevated and consumer confidence in the UK has been falling. |
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