BCC says BoE will maintain interest rates steady at 0.50%

BCC says BoE will maintain interest rates steady at 0.50%



The British Chambers of Commerce (BCC) today said that the Bank of England is going to maintain interest rates steady at 0.50% until nearly May 2011 as the government budget cuts is going to pressure economic growth. The BCC projects that the nation will grow between 0.6-0.7% in the second quarter while staying at the same pace