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Interest rates stay at record low 0.5%

The Bank of England has kept the cost of borrowing unchanged again today, and made no change to the £200bn quantitative easing programme in place.

Despite inflation sitting at four per cent (double the official target), new economic data released this week, showing a slowdown in growth in manufacturing, construction and services, has suggested that the UK economy is too weak to support a rate rise at this stage. 

Economists predict no rate rise until autumn.

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