The Bank of England’s Monetary Policy Committee announced today that the benchmark lending rate would be held at 0.5 percent. The MPC also said there were no immediate plans for further economic stimulus spending.
Meanwhile, the Office for National Statistics reported that factory output in the United Kingdom rose a healthy 5.6 per cent in November compared to a year earlier, with gains in most categories. Machinery and equipment industries set the pace with a 20 per cent gain.
Source: The Canadian Press
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