PropertyEU

Bank of England raises benchmark interest rates

By A staff reporter 2007-07-05T00:00:00

The Bank of England on Thursday raised its benchmark interest rates for the fifth time in a year from 5.5% to 5.75%. Global real estate adviser Jong Lang LaSalle said that the move was expected, with strong employment growth and unemployment falling, a 3% GDP growth in Q1 and inflation ...

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