UK Economy


  • Bank of England voted unaimously to leave interest rates unchanged at 4.5%
  • This is despite the CPI figures rising to 2.5% in June from 2.2% in May. Highest since September 2005. The target is still 2%.
  • Rising oil prices have also failed to shift interest rates upwards
  • Subdued wage inflation has also cooled the need to increase rates.
  • Consumer Confidence rose by 1point to -4.
 
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