Bank of England Maintains Interest Rates at 4.0%

The Bank of England held rates steady on Thursday after warning of a sharp correction in UK house prices, risks to inflation and minutes from the last meeting showed the MPC moving further away from an easing bias.

The Bank of England's decision ushered in the longest period of stable rates in more than four decades with the decision widely predicted - all 38 private sector economists polled by the Reuters news agency had expected rates to stay on hold. Futures markets show the next move is

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