Wednesday, June 17, 2009

Low rates for some time yet. Silent and deadly inflation lurking in the background.

Bank pours cold water on economic recovery

The Bank Of England is sceptical about the so-called "recovery" in the economy it emerged today as minutes of its June meeting showed it was united on a decision to keep rates on hold. Minutes from the Bank's meeting two weeks ago revealed the nine-member monetary policy committee unaminously voted to keep rates at their historic low of 0.5 per cent.

Posted by flintster1994 @ 01:17 PM (766 views)
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