Thursday, July 10, 2008
Held at 5%
Posted by David Smith at 12:05 PM
Category: Thoughts and responses

The Bank of England's monetary policy committee held Bank rate at 5%, as expected. Any other decision would have been a surprise, despite more downbeat news on the housing market, with the Halifax reporting a 2% drop in house prices last month. The next set of forecasts from the Bank (in August) will be interesting.