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May 7, 2021

Bank of England expects best year for economy since 1941

By PAN PYLAS
Associated Press

LONDON (AP) — The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.

In a prepared statement Thursday, the nine-member Monetary Policy Committee said it will maintain the bank's main interest rate at 0.1%. The unanimous and widely anticipated decision means that interest rates will remain at the lowest level in the bank's 327-year history.


 
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