BoE maintains status quo

- By FX Markets Staff
- @FXMarkets_
- 10 Sep 2001

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LONDON -- The Bank of England’s monetary policy committee (MPC) left UK interest rates on hold last week, despite more bad news concerning UK manufacturing.

But the decision to hold rates at 5% was widely expected by analysts, and there was little reaction to the decision in the currency markets.

The bank is likely to keep rates on hold at least in the near term, as domestic demand remains robust in the UK and it may be reluctant to over-stimulate that area of the economy, said analysts.

"A lot of

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