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Base rate stays at 0.50%

Base rate stays at 0.50%

Category: Economy

Updated: 02/08/2012
First Published: 02/08/2012

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 It is now over 6 months old so the content may be out of date.

The Bank of England base rate has remained on hold at 0.50%, despite speculation that the Government may reduce it to a new record rate of 0.25%.

The Government has faced mounting pressure to reduce interest rates or inject more money into the economy as the UK falls further into recession.

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