Friday, March 07, 2008
Interest rates kept on hold
The Bank of England has announced that interest rates will stay on hold at 5.25%.
Analysts have highlighted that the Bank faces the threat of a slowing economy at a time when inflationary pressures are rising.
In February, the bank cut rates by a quarter of a percentage point from 5.5%, amid signs of a slowdown in the economy.
February's interest rate cut was the second lowering of UK rates in three months, with the previous reduction coming in December last year.
DATED: 07.03.08
FEED: AM
Analysts have highlighted that the Bank faces the threat of a slowing economy at a time when inflationary pressures are rising.
In February, the bank cut rates by a quarter of a percentage point from 5.5%, amid signs of a slowdown in the economy.
February's interest rate cut was the second lowering of UK rates in three months, with the previous reduction coming in December last year.
DATED: 07.03.08
FEED: AM
