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Bank Of England Base Rate

Bank Of England Base Rate

Unsuprisingly the Bank of England has kept the base rate at 0.5% for the 28th consecutive month.

Currently inflation is 4.5% and it is expected that the base rate may have to rise by the end of the year.

Lee Hopley, chief economist at the EEF manufacturers' organisation, said: "The decision for no change was a sure fire bet.

 

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