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Bank of England keeps rates at record lows Thursday, 13th January 2011
The Bank of England left UK interest rates at their record low today despite fears over surging inflation and commodity prices.The bank kept its main interest rate at 0.5% for the 22nd month in a row even though inflation hit 3.3% in November, driven by the rising cost of food, clothes and oil.The bank also maintained money-boosting efforts under the quantitative easing programme at £200 billion sterling. Read more on RTÉ News
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Posted in Uncategorized Tagged bank of england, clothes, commodity prices, consumer, food, inflation, interest rates, News, Retail, Retail news
