Dec

Unanimous MPC vote to keep Bank rate at 0.5%

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The Monetary Policy Committee (MPC) today unanimously voted to keep the Bank of England Base Rate at 0.50% and maintain the current levels of Quantitative easing. Good news at least for borrowers.

With inflation now at 3.1% it remains to be seen how long it will take for the fall in the Sterling exchange rate cost implications on imported goods and services to fully push through the economy.

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