Bank of England leaves interest rates unchanged

UK - Bank of England chiefs have left interest rates on hold at 4%, despite increasing evidence of the strength of the UK economy.

The Bank's Monetary Policy Committee decided not to raise rates, despite a scenario of rebounding house prices and surging High Street sales which some feared could push inflation higher.

Last week, the governor of the Bank of England, Sir Edward George, warned that interest rates may have to rise this year to stem a credit card-fuelled spending boom in the UK.

Ana

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