BoE: no rates change

The Bank of England yesterday, 9 November, left its main interest rate unchanged at 4.5% for the third month in succession. The decision was widely expected after recent comments by Mervyn King, governor of the Bank, indicating he was against rate cuts.

Recent economic data has painted a mixed picture of the UK economy. While there have been signs of an increase in prices, renewed activity in the housing market and indications that consumer spending may have bottomed out, manufacturing output

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