Business Services Industry
Bank of England set to keep rates on hold.
Knight Ridder/Tribune Business News, September, 2004
By Ian Lyall, Daily Mail, London Knight Ridder/Tribune Business News
Sep. 6--The Bank of England is expected to leave interest rates on hold at 4.75 percent on Thursday as a growing body of evidence points to the fact that it has got the housing market and Britain's retail excesses under control.
Not one economist in a recent survey of 50 City soothsayers was betting on a hike in loan rates. Data from mortgage bank Halifax last week showed the rising cost of borrowing has put the brakes on runaway house prices, while a rain-sodden August has cooled High Street spending.
British Retail Consortium figures later today will show last month's like-for-like shop sales were almost static year on year and were down 1.8 percent from July....
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