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10 Jan, 2008


Leah Milner
Date: 10-Jan-2008

The Monetary Policy Committee has voted to freeze the Bank of England base rate at 5.5%.
January's decision comes after MPC members voted unanimously for a base rate cut last month, bringing interest rates down by 0.25% in December.

This followed a five-month rate freeze at 5.75% since July 2007.

Today's rate freeze confounds calls from some industry pundits for the MPC to cut the base rate again in order to ease pressure on borrowers.

       
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