Interest rates kept at 5.25%
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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The Bank of England votes to leave rates unchanged at 5.25% after its two day meeting.
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The Bank of England is widely tipped to keep interest rates on hold at 5.25% on Thursday.
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Ben S. BernankeÂs remarks reaffirm the view that the Fed will keep the lending rate unchanged at 5.25 percent for the remainder of the year.
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The Bank of England held its key interest rate steady at 4.75 percent Thursday.
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The Bank of England is generally expected to raise UK interest rates to 5.75% later, to help reduce inflation.
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The pound was well bid after the Bank of England raised interest rates for the fifth time in less than a year to stand at 5.75 percent.
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The U.S. Federal Reserve on Tuesday  held benchmark interest rates steady at 5.25 percent for a  fourth straight meeting, while renewing a warning that risks  from inflation remain.
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Interest rates will likely remain at a six-year peak of 5.50 percent when Bank of England policymakers convene on Thursday, but another hike is due in the near future as the bank seeks to tame inflation.
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Sterling held steady against the dollar after the Bank of England (BoE) kept interest rates at a five-year peak of 5.00 percent, opting against a third rise during 2006.
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Bank of England policymakers voted 9-0 in September to hold the central bank&#39;s key interest rate at 5.75 percent, according to minutes of the meeting published on Wednesday.
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UK interest rates are expected to remain on hold at 4.75% following the Bank of England's latest rate-setting meeting.
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The European Central Bank held its key interest rate at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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UK interest rates have been kept on hold at 4.75% following the latest meeting of the Bank of England&#39;s rate-setting committee.
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The Bank of England is expected to keep UK interest rates on hold at 5.75% following its two-day meeting.
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LONDON : The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a second successive month, amid signs that Britain&#39;s red-hot housing market is cooling slightly.