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TUC reaction to interest rate announcement

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Commenting on the Monetary Policy Committee's (MPC's) decision yesterday to keep the interest rate on hold, Deputy General Secretary of the TUC Brendan Barber said:

"We are pleased the MPC has listened to industry rather than the alarmist voices in the City. The MPC's decision is both responsible and realistic. Interest rates can be safely held without threatening the Government's inflation target."

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