It’s 1950 for Cameron as BOE Extends Period of Record-Low Rates

April 9, 2015 11:01 AM

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Bank of England officials kept the benchmark interest rate at a record low for the 73rd month at their last meeting before the May 7 general election. It makes the Conservative leader the first British prime minister since Labour’s Clement Attlee in 1950 to serve a full term with no change in borrowing costs.

While Attlee’s tenure saw Britain recovering from the ravages of World War II, this time the U.K. is healing from the financial crisis. And with the election set to produce no outright winner and inflation at zero, BOE Governor Mark Carney’s Monetary Policy Committee has little reason to change stan...

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