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Article: Interest rates likely to stay at same level

Article from:
The Northern Echo
Article date:
January 9, 2003
Copyright

The Bank of England's Monetary Policy Committee is today expected to announce it will keep interest rates at four per cent.

The body responsible for setting rates started deliberations yesterday which were due to conclude today into whether or not it would benefit the economy to slash rates below the current level.

The smart money appears to be on a rates freeze but the slowing housing market, poor Christmas retail figures and the threat of war with Iraq are laying heavy on UK ...

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