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Thursday, August 2, 2007

Bank of England Leaves Interest Rate at Six-Year High

" The Bank of England left its benchmark interest rate at a six-year high today as policy makers assess whether five quarter-point increases in the past year are enough to quell inflation.

The Monetary Policy Committee, led by Governor Mervyn King, left the Bank Rate at 5.75 percent, the highest since April 2001, the central bank said today in London. The decision was predicted by all 60 economists surveyed by Bloomberg News. "

Source: Bank of England Leaves Interest Rate at Six-Year High (Update3) (http://www.bloomberg.com/apps/news?pid=20601068&sid=amAzUGJrQnBU&refer=economy)