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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: micdundee2 who wrote (34481)5/10/2007 7:45:44 AM
From: Bucky Katt  Read Replies (2) of 48461
 
Bank of England Raises Interest Rate to a Six-Year High to Stem Inflation.
May 10 (Bloomberg) -- The Bank of England raised its benchmark interest rate to a six-year high as consumer spending, house-price growth and record employment drove inflation to the fastest in a decade.

The nine-member Monetary Policy Committee increased the Bank Rate by a quarter-point to 5.5 percent, the highest since April 2001, the bank said today in London. All 61 economists in a Bloomberg News survey predicted the decision. Eleven of 43 economists expect another move to 5.75 percent this year.
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