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UK interest rates to remain at 0.5%

UK INTEREST rates have been held at their record low level of 0.5% and no more money needs to be injected into the economy, the Bank of England decided.

In signs which indicate faith in a strong economic recovery, the monthly meeting of the Bank's Monetary Policy Committee concluded with two pieces of good news, and no obvious concerns that growth will falter. Officials from the rate-setting body have now shot off to attend the G20 meeting in Washington.

Belfast Telegraph