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BofE hints to low interest rates for some time

posted 11 Dec 2013, 02:21 by Richard White
The governor of the Bank of England has pointed towards low interest rates for some time to come. He has argued that the BoE's policy of low interest rates allowed banks and households to repair their finances and pay down debts. Only when the conditions for consistent growth are established will the UK restore the confidence needed to encourage investment growth, he said.