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Interest rates stay at record low

Interest rates stayed at a record low yesterday as the Bank of England decided not to raise rates from the 0.5 per cent first set in March 2009.

The Bank said it would also not add to the £375billion of quantitative easing it has already sanctioned.

Property experts welcomed the decision not to raise rates given that the Government was trying to boost the homes market.

Stronger-than-expected figures from the services sector boosted hopes that the economy grew 0.1 per cent between January and March and steered the UK out of a triple-dip recession.

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