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News -
Banking
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Friday, 08 January 2010 16:59 |
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Andy Cuthbert, Managing Director of dot financial services, comments on yesterday's announcement by the Bank of England to keep the base rate at 0.5% once again.
Andy comments: ‘The fact that the Monetary Policy Committee decided to leave the Bank Base Rate unchanged was as predicted. Perhaps of more interest will be whether the committee decide to further expand the asset purchase scheme (Quantitive Easing) or put on hold any such further investment when they meet next on the 4th February. With interest rates likely to remain unchanged for a number of months to come, this seems to be their main tool in the battle to right the economy and will tell us much about their thinking on the current state of the economy.’
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