Forex News: 05.04.2007 BoE keeps key repo rate on hold at 5.25 pct
The Bank of England will keep for now.The Bank of England has kept its key repo rate unchanged at the level of 5.25 pct.
The minutes to the last meeting on March 8 reinforced expectations that the Monetary Policy Committee will want to wait until May, an Inflation Report month, before delivering another increase.
Today's data also failed to ratchet up predictions of a hike. Though the monthly survey from the Halifax pointed to continued strength in the housing market, other data showed the manufacturing sector is beginning to feel the impact of the BoE's three previous rate hikes.
It is widely expected to lift them next month, when it will be armed with its latest quarterly economic projections.
posted by Kalin Tasev @ 6:42 AM
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