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Meet the New Rate (Same as the Old Rate)
The Bank of England today announced that the base rate would remain at 0.5% for the 11th consecutive month.
Commenting on today's decision, Tony Rice of Bedfordshire-based specialist mortgage and insurance brokers TMP Mortgage Zone, said: "Analysts are reporting that the Monetary Policy Committee (MPC) that meets every month to determine the base rate level was not as unanimous in its decision to leave interest rates at 0.5% as it has been recently. This would perhaps indicate that a change could be coming sooner rather than later."
[ 04-02-2010 ]
