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Thursday, December 10, 2015

Least surprising news of the week

This weeks most un-surprising news - the Bank of England keeps interest rates at at 0.5% for 81st month in a row.

The monetary policy committee voted 8-1 to maintain a 0.5% bank rate.

Continued low inflation and the UK's uncertain economic outlook meant the announcement came as no surprise... to anybody.

The current consensus of opinion is that interest rates are not likely to rise before at late 2016 at the earliest.

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