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Economics

BOE no change, no worries

We would have gotten a glimpse of business and consumer and financial market reaction to a central bank move towards normalising monetary policy for more than a year now had the BOE stuck to its stated guidance to start "normalising" interest rates when the unemployment rate reaches the 7.0% threshold.

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Read more: ONS,  BOE,  UK,  Bank Rate,  Monetary Policy Committee,  March surveys,  Markit/CIPS UK PMI,  Office for National Statistics,  UK Manufacturing PMI,  UK services growth,  United Kingdom