Bank Surprises Some with Rate Hold Institute of Directors and Expert Panel Had Expected Rise
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Summary
THE Bank of England held UK base rates at 4.75-per cent yesterday, and the Institute of Directors claimed it was a "surprise" there was no rise.
This assertion by the IoD was curious, given all of 50 economists polled last week by news agency Reuters predicted the monetary policy committee would stand pat.See the full content of this document
Extract
Bank Surprises Some with Rate Hold Institute of Directors and Expert Panel Had Expected Rise
However, there had been rumblings in some quarters about a possibility of a rise because of hawkish speeches recently from some MPC members. The Tim...
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