UK interest rates unchanged
07/07/2005 - 12:00:40The Bank of England resisted calls to cut the cost of borrowing today when it pegged interest rates at 4.75% for the 11th month in a row.
Members of the Bank’s monetary policy committee (MPC) announced the decision at noon as planned, after continuing their two-day deliberations as news of the explosions in central London emerged.
One analyst said it was unlikely the Bank would have factored in any possible economic impact from today’s developments.
