Bank of England keeps UK rates on hold

UK - The Bank of England has kept interest rates on hold following its latest rate-setting meeting.

The move was expected by most observers, and many analysts now believe the current cycle of interest rate cuts has come to an end.

Last year the Bank cut interest rates seven times to its current level of 4% as it tried to prevent the UK economy from falling into recession.

The Bank has had to try and balance the demands of different parts of the economy - with consumer demand still strong but

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