Thursday, April 06, 2006 

Reuters: Bank holds rates steady The Bank of England kept interest rates steady for the eighth month running on Thursday and many economists say borrowing costs could remain pegged at 4.5 percent for the rest of the year. All 42 analysts polled by Reuters last week had predicted no change at this month's Monetary Policy Committee meeting. News earlier in the day of another big jump in house prices had only cemented that view as policymakers have expressed concern that a repeat of August 2005's rate cut risked stimulating the market too much.
posted by Johnny  @ 12:42 PM 1 comments


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