MPC keeps Bank Rate unchanged
The Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%
08 April 2013
"Not enough has changed in the domestic economy over the past month for the MPC to hit the stimulus button. Members will be sleeping a little easier with an improvement in service sector activity in March which suggests the UK narrowly avoided a triple-dip recession in Q1. But the Eurozone's recent flare up will be a worry, given its potential to undermine sentiment and the UK's export prospects."
Stephen Boyle, Head of Group Economics
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