| Bank of England keeps interest rates on hold |
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The Bank of England keeps interest rates on hold, with the Monetary Policy Committee voting to maintain the Bank's base rate at 0.5 per cent for the 27th month in a row.
The decision provides some relief for homeowners during a week when Scottish Power announced an average hike of nearly £200 in annual power bills. Economists have put back the likely date for the next rise in rates to November as worries about growth prospects override concerns about inflation, which hit 4.5 per cent in April. |
