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No changes from Bank of England
08 Oct 2015 12:12
Bank of England policymakers voted 8-1 to keep rates at a record-low 0.5% today, and most saw a relatively soft outlook for inflation.
This would suggest that the bank is in no hurry to raise interest rates.
The bank said cost pressures in Britain's labour market were rising too slowly for inflation to return to its 2% target, especially given the past strength of sterling.
Inflation would stay below 1% until spring 2016, the bank added.
UK inflation fell back to zero in August, but officials had been confident that robust domestic growth and the fading effect of last year's big oil price falls would cause it to bounce back towards its 2% target next year.

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RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

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Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.