Thursday, March 06, 2008
Staying at 5.25%
Posted by David Smith at 12:15 PM
Category: Thoughts and responses

The Bank of England held interest rates at 5.25%, as overwhelmingly expected. Though house prices dipped by 0.3% last month, according to the Halifax, other data has been reasonably strong and the monetary policy committee will be concerned about inflationary pressures signalled in the surveys and in commodity markets.