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Low interest rates to stay until 2017!

20th January 2013
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  A leading bank has said interest rates will stay at 0.5% until 2017!
Citi said it expected the Bank of England to keep rates at 0.5pc until mid-2017.
The Bank of England cut interest rates to 0.5pc in March 2009, the lowest since the central bank was founded in 1694.
A possible eight years of low interest rates would be welcomed by borrowers but cause continuing difficulties for people who depend on interest on their savings.

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