BoE holds UK interest rates steady at 3.5 pct

As most analysts predicted, the Bank of England left interest rates unchanged for the third month running on Thursday 9 October at 3.5 per cent.

Source: Reuters

The Bank of England on Thursday left its key repo rate steady at a 48-year low of 3.5 percent for the third month running, as expected.

All but one of 49 analysts polled by Reuters had predicted the central bank would do nothing after it had chopped its benchmark repo rate by a quarter-point to counteract the weakness in the global economy

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