Thursday 5 May 2011

BOE Holds Interest Rate at 0.5% on Signs Recovery Is Fading

http://noir.bloomberg.com/apps/news?pid=20601087&sid=azbL5zFgtEgY&pos=3

May 5 (Bloomberg) -- The Bank of England kept its benchmark interest rate at a record low as signs the recovery is losing momentum kept a majority of policy makers focused on stimulating growth during the government’s fiscal squeeze.


The economy stalled over the fourth and first quarters, and surveys this week showed services, manufacturing and construction growth moderated in April. 

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