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Bank of England holds interest rates for another month

As expected, the Monetary Policy Committee (MPC) voted to hold interest rates at 0.5 per cent for the 11th consecutive month.

The MPC also vowed to continue its £200bn quantitative easing (QE) programme until the end of February. At the end of that month, the Bank's Quarterly Inflation Report will also be published. The policymakers then have a tough call to make - whether to agree more stimulus for the economy with further QE and when to tighten interest rates.

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20 May 2010

HIPS suspended: Good news for vendors

Home Information Packs (HIPs) have today been suspended with immediate effect, pending primary legislation for a permanent abolition.

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