Bank Afraid to Cut Interest Rate Too Soon ; in Association with Rbs

The Journal › November 22, 2007

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Summary

LINGERING inflation concerns prompted Bank of England policymakers to hold rates at 5.75% this month, it was revealed yesterday.

The Bank's nine-member Monetary Policy Committee voted seven-two to hold borrowing costs two weeks ago amid worries over soaring oil and food costs and growth that was firmer than expected.

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Extract

Bank Afraid to Cut Interest Rate Too Soon ; in Association with Rbs

The MPC said it would wait and see the extent of...

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