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BoE Holds Rate at 5 Percent in May

Mortgage

BoE Holds Rate at 5 Percent in May

This week, the Bank of England (BoE) made the decision to hold the interest rate at 5 percent for another month. It decreased the rate by a quarter percent last month, but it is thought that they held this month to stave off further inflation. Graeme Leach, chief economist at the Institute of Directors said, "This was a prudent decision. More...

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