Rates Stay On Hold As Industry's Recovery Stumbles

Evening Standard - London › April 07, 2005

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Summary

THE Bank of England left interest rates on hold for an eighth consecutive month today amid signs that the manufacturing recovery is faltering, writes Jane Padgham.

Factory output unexpectedly fell by 0.5% in February, official data showed, the first decline for six months and the biggest since last August.

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Extract

Rates Stay On Hold As Industry's Recovery Stumbles

Shortly after the news, the Bank's monetary policy commi...

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