Sunday, 9 May 2010

Interest rates 'expected to hold'

The Bank of England is expected to keep interest rates on hold on Monday amid uncertain political weather.

Policymakers, who delayed their meeting from last week due to the election, are expected to keep the cost of borrowing at the record low of 0.5%.

Efforts to boost the money supply are also likely to stay at their £200 billion level of quantitative easing (QE).

But the Monetary Policy Committee (MPC) will have much to consider as they conclude their two-day meeting - not least the affect of a hung Parliament on the outlook for the UK economy. More……..


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