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Interest rates kept on hold as house price crash continues
Against a background of economic conditions that the Chancellor described as "arguably the worst in 60 years", and a forecast by the OECD of recession in the UK later this year, the Bank of England's Monetary Policy Committee kept rates on hold yesterday for the fifth successive month, at 5 per cent.

from www.independent.co.uk

 
 

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12.01.2008
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