BoE's Clementi sees steady UK rates for some time

UK - British interest rates, on hold at a 38-year low of 4.0 percent since November, will probably stay unchanged for some time while the economy shakes off last year's downturn, a senior central bank official said on Thursday.

The comments by David Clementi, one of two deputy governors at the Bank of England, appeared designed to further dampen expectations on financial markets that interest rates could be raised soon as signs of a global economic recovery increase.

"It is quite possible that

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