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Mortgage holders hope for rate hold

Date: 28 February 2005

Mortgage holders will be hoping that the Bank of England continues to hold interest rates at 4.75 per cent for the next few months.

The monetary policy committee held the base rate for the sixth consecutive month earlier this year.

While analysts expect another rate rise before the end of the year, the MPC is expected to wait until after the election.

The government is expected to go to the polls in May meaning that there could be another quarter point rise in the early summer.

Despite the recent upward trend, interest rates remain historically low

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