Interest rates kept on hold at 5%
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UK interest rates have been kept on hold at 5% following the latest meeting of the Bank of England.
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The pound has stayed on the back foot as markets reevaluated rate expectations following the Bank of England's decision earlier this week to hold rates at 5.25 percent.
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The Bank of Japan opts to keep the country's benchmark interest rate on hold at 0.5%.
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The Bank of England's interest rate setters voted unanimously to keep rates on hold at 4.75% in January, minutes of the meeting show.
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The US Federal Reserve opts to keep interest rates on hold for the fourth successive month amid signs of a slowing economy.
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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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The US Federal Reserve keeps interest rates on hold for the fourth successive month amid signs of a slowing economy.
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British interest rates stayed at 4.75  percent for the fourth month running on Thursday, but  economists are split over whether the Bank of England will  raise borrowing costs again next year.
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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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All nine members of the Bank of England&#39;s Monetary Policy Committee voted to keep interest rates unchanged at 4.75 percent this month, and there seemed to be no discussion of raising borrowing costs.
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The benchmark interest rate remained unchanged at 0.5 percent and the central bankâs governor hinted that a rate increase might come later than July.
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The Bank of England holds UK interest rates at 5.5%, but analysts say a rate rise later this year remains likely.
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The U.S. Federal Reserve held benchmark interest rates steady at 5.25 percent on Wednesday for a fifth straight meeting, while maintaining a warning on the risk of inflation.
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The U.S. Federal Reserve held  benchmark interest rates steady at 5.25 percent on Wednesday  for a fifth straight meeting, while maintaining a warning on  the risk of inflation.
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The Bank of England held its benchmark interest rate steady at a six-year high of 5.5 percent after reports that price inflation is slowing in the services and housing sectors. The bank raised rates last month after three other rises since August apparently failed to cool inflationary pressures and a buoyant housing market. Even after the European Central Bank raised rates Wednesday by a quarter-point, to 4 percent, Britainâs rates remain the highest among the worldâs seven wealthiest nations. Most economists expect a rise of a quarter of a percentage point next month in British rates. as the Bank of England tries to bring consumer price index inflation back to its 2 percent target from its current level of 2.8 percent.
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The European Central Bank keeps its key interest rate on hold at 3.5%, but hints that it may go up next month.
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The Bank of England held its benchmark interest rate steady at 5.75 percent on Thursday. The decision was anticipated after weeks of turmoil in global markets.