UK property news, London property news. View the very latest property news for the UK & London from Property-GO. UK property news, London property news

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FRIDAY 8TH JULY 2005  BANK OF ENGLAND HOLDS UK INTEREST RATES The Bank of England left interest rates unchanged at 4.75% today after its two-day Monetary Policy Committee (MPC) meeting. Pressure had been mounting to cut rates particularly from housing industry commentators and business leaders such as the CBI. About 1 on 3 economists had expected a cut this month with most being concerned that an early cut could backfire if the pound weakens further. The most recent change in interest rates was an increase of 0.25 percentage points to 4.75% on 5th August last year.

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