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Base rate remains on hold at 0.50%

Base rate remains on hold at 0.50%

Category: Economy

Updated: 06/09/2012
First Published: 06/09/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Bank of England base rate has remained on hold at its historic low of 0.50%, with the Government's quantitative easing also remaining at £375 billion.

The latest announcement by the Monetary Policy Committee signals the 42nd month of base rate remaining at 0.50%, despite some speculation that it would reduce even further.

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