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08/06/2006
UK interest rates stay at 4.5%
The Bank of England has today announced that interest rates will remain unchanged for the tenth consecutive month.
However, while rates were again held at 4.5%, there are concerns that growing inflationary pressures may men that interest rates will be set to rise later this year.
The Bank of England's quarterly report noted that inflation was likely to exceed the Government target of 2% if the base lending rate was not increased.
Though the decision by the Bank's Monetary Policy Committee (MPC) is to hold rates steady for the moment, the situation is far from clear cut.
The stock market has been underperforming recently and the US dollar has been falling, both factors that the MPC will be keeping an eye on.
The MPC's rationale for the decision announced today will not be known until the minutes of the meeting are published later this month.
But almost certain to feature are the strength of sterling, the fall in UK manufacturing output, and signs that the retail sector may be beginning to pick up.
(SP/KMcA)
However, while rates were again held at 4.5%, there are concerns that growing inflationary pressures may men that interest rates will be set to rise later this year.
The Bank of England's quarterly report noted that inflation was likely to exceed the Government target of 2% if the base lending rate was not increased.
Though the decision by the Bank's Monetary Policy Committee (MPC) is to hold rates steady for the moment, the situation is far from clear cut.
The stock market has been underperforming recently and the US dollar has been falling, both factors that the MPC will be keeping an eye on.
The MPC's rationale for the decision announced today will not be known until the minutes of the meeting are published later this month.
But almost certain to feature are the strength of sterling, the fall in UK manufacturing output, and signs that the retail sector may be beginning to pick up.
(SP/KMcA)
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10 June 2004
UK interest rates rise to 4.5%
Interest rates have been increased by a quarter percent to 4.5%, the Bank of England has announced today. The bank's Monetary Policy Committee (MPC) said today that while inflation is below the 2% target, "cost pressures are rising".
UK interest rates rise to 4.5%
Interest rates have been increased by a quarter percent to 4.5%, the Bank of England has announced today. The bank's Monetary Policy Committee (MPC) said today that while inflation is below the 2% target, "cost pressures are rising".
04 September 2001
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
05 February 2004
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
08 January 2004
UK Interest rates sticks at 3.75%
As expected, the Bank of England has decided to hold the base rate at 3.75% today. The Bank's Monetary Policy Committee (MPC) opted to hold the rate following a quarter point rise in December - the first rise in four years. However, analysts are continuing to warn consumers that rises are imminent in the year ahead.
UK Interest rates sticks at 3.75%
As expected, the Bank of England has decided to hold the base rate at 3.75% today. The Bank's Monetary Policy Committee (MPC) opted to hold the rate following a quarter point rise in December - the first rise in four years. However, analysts are continuing to warn consumers that rises are imminent in the year ahead.
02 March 2011
Draft Bank Resolution Legislation Published
The Government has on Tuesday published draft legislation fulfilling a commitment made as part of the EU – IMF financial assistance package. The bill, entitled the Central Bank and Credit Institutions (Resolution) Bill 2011, has been laid before the Oireachtas.
Draft Bank Resolution Legislation Published
The Government has on Tuesday published draft legislation fulfilling a commitment made as part of the EU – IMF financial assistance package. The bill, entitled the Central Bank and Credit Institutions (Resolution) Bill 2011, has been laid before the Oireachtas.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
