Interest rates expected to be held by Bank of England
The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
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"Oil prices have fallen in recent days, and that's encouraging."
— Andrew Bailey , Executive
"The Bank's job is to make sure that doesn't turn into sustained inflation above our 2% target."
— Andrew Bailey , Executive
"I think holding is the right position to be in at the moment for that, so I think it's a sensible decision in the light of the news."
— Andrew Bailey , Executive
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The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
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