Bank of England to keep rates on hold 'till late summer' | Mail Online
Homeowners are likely to win a stay of execution on mortgage rates when the Bank of England’s Monetary Policy Committee meets this week.
Despite the latest salvo by MPC member Andrew Sentance, who said the committee’s credibility has been damaged by its failure to tackle inflation, the Bank is expected to keep the base rate at 0.5 per cent.
Sentance, the MPC’s most hawkish member, will be attending his last meeting this week. But his comments came as official growth figures for the first quarter of 2011 were unveiled at a paltry 0.5 per cent.
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