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In the decision again that -- came in unchanged -- 1% as exactly as expected to the bank giving that hasn't moved on rates in four years now they continue that trend this week.
Keeping the -- half of 1% it's been there since march of 2009.
Let's get some reaction to that now from Brenda Kelly market analyst at IG in London Brendan.
A drink Brendon and Lund there you go read this guy that Brenda is this the right moves by the BO way to keep these rates -- -- -- I want -- think in light of what.
The manufacturing data we've seen this morning on beta cycle we sold better than expected GDP growth in the first quarter of this year has kept the wolf from the door.
For the UK and I think it's the right decision for now but I don't necessarily see that would see a holding off on cost -- -- at towards the end of this year at the half a percent will remain in place for awhile to come but I think we're waiting for.
At the new government governor Mark Carney -- the hound in July and make any decisions from there it from there on the may be some.
I suppose you know -- -- decisions that he might make.
At that are different to what their three previous governor has done so I think for the time being it's good that we're staying -- as it is but I think in a way we could see some more productivity from the -- -- -- because a lot of the manufacturing de -- Folks are helped swing has -- on the spot for the weaker pound and if we see any sort of fought the equity markets that could cause a stronger pound which it can -- could undo all the good we've seen in the first quarter.
And -- shifting gears a little -- -- a German finance minister Wolfgang Schaeuble is praising France is reform efforts.
And defending the EU's decision to allow France two more years to reduce its deficit that's not every day.
You see Germany complementing friends on its economic policies -- what do you make of this.
I think it's a it's a good sign I think -- like that they unemployment numbers and growth numbers that we seen.
Europe -- light over the last number of years and it is important to focus on those two problematic areas rob -- cutting back the deficit.
Also it is that in the Monday for the and have an extension on at cutting the deficit if if it warrants it might think the stage were out in terms of the EU I'm never going forward -- -- packing union.
Definitely warrants such an extension.
That's Brenda Kelly -- I do we appreciate it Brenda thanks.
Thank you -- And Johnny had.
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