BoE Leaves Benchmark Rate Unchanged, As Housing Market Deteriorates Further

 10.07.2008 08:18   actionforex.com

The BoE left their benchmark interest rate unchanged at 5.00% as expected. The housing market continues to deteriorate as HBOS reported prices fell another 2% in June. The housing slump and tight credit markets are dragging the country toward recession, making it prohibitive for the MPC to raise rates to...

World E-commerce