You will probably be aware though perhaps not with all the coverage of the AV referendum but the Bank of England yesterday announced that interest rates would be held at 0.5%. This was not a surprise and I have been suggesting that rates are unlikly to rise until July. So the plainly obvious is that we are closer… but not there yet. There are also facts trickling through to back up the theory that inflation is starting to become less of an issue here in the UK – not the case in many of the more exciting economies, where inflation is the subject of more active monetary policy.  
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