Confidence Drop Triggers Calls for Bank to Hold Rates

Summary


Business leaders are calling for interest rates to be kept on hold after new research showed that service sector firms were cautious about the economic outlook.

The Bank of England will announce its monthly decision on interest rates, currently at 4.75%, on Thursday.

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Extract


Confidence Drop Triggers Calls for Bank to Hold Rates

The CBI said that, with uncertainty among firms, high oil prices and unpredictable housing sales, rates should be he...

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