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.
This entry was posted
on July 19, 2006 at 1:02 pm. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.