Bank's Dale says UK rates will stay low

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ref="http://www.cityam.com/company/bank-of-england">BANK of England chief economist Spencer Dale said last night that interest rates will remain low for a “sustained period”. “We had a very deep recession, we have a number of years to go,” Dale told the BBC, adding that the recovery would take a “number of years”. On the possibility of a housing bubble, Dale downplayed the likelihood, saying the UK is “not there now”.