News for 12th January 2011 :: UK interest rates kept on hold at record low of 0.5%
The decisions were widely expected, and come amid concerns over the economy's strength due to weak consumer spending and the eurozone crisis.
Data released by the Office for National Statistics on Thursday pointed to a surprisingly sharp downturn in industrial output - including the manufacturing sector - in November last year.
Meanwhile, retailers continue to report disappointing Christmas sales, with Tesco - the UK's biggest retailer - reporting a drop in festive sales in the UK.
However, a series of closely-watched surveys released last week suggested conditions had improved in December.
The purchasing managers' index (PMI) for the service sector indicated growth picked up in the sector during December, while the manufacturing sector contracted at a slower pace than the month before.
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