Economics: Interest rate moves

The Bank of England has maintained interest rates at 4.5% for the tenth consecutive month while the ...

The Bank of England has maintained interest rates at 4.5% for the tenth consecutive month while the European Central Bank has raised rates to 2.75%. The move, or rather lack of a move, by the Bank of England is as an indication that the UK economy is showing signs of resilience according to Crispin Finn, UK equities portfolio manager at Credit Suisse. “The widely anticipated announcement followed the release of recent economic data that highlighted the growing strength of the UK economy. An industry report showed that retail sales in the UK had risen for the second consecutive month in May...