No change in lending rates depresses FTSE.
Investors Chronicle - magazine and web content, January, 2008
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But a February cut now looks more certain Jonas Crosland
Leading equities were marked down in London after the Bank of England decided to leave lending rates unchanged at 5.5 per cent. Just before the announcement the FTSE100 index was sporting a 7 point gain but soon retreated to show a 9 point loss at 6,263.7. Mid-cap stocks were also out of favour, and the FTSE250 index lost 63 points to stand at 9,901. Trading volume was about average at GBP1.25bn.
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Commenting on the bank's decision, Howard Archer, chief economist at Global Insight, said that this paves the way for a rate cut ...
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