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10/04/2003
Bank of England hold interest rates at 3.75%
The Bank of England's Monetary Policy Committee has today voted to maintain the Bank's rate at 3.75%.
There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
The announcement of the unchanged rate was of little surprise to most analysts, though some tipped a slight cut fearing that the UK economic slowdown had gathered pace.
The CBI has called on the Monetary policy Committee to cut rates next month - and the prospect of a cut is clearly on the horizon, the only question appears to be when.
The most recent change in interest rates was a reduction of 0.25% to 3.75% from 4.0% on February 6 this year.
(SP)
There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
The announcement of the unchanged rate was of little surprise to most analysts, though some tipped a slight cut fearing that the UK economic slowdown had gathered pace.
The CBI has called on the Monetary policy Committee to cut rates next month - and the prospect of a cut is clearly on the horizon, the only question appears to be when.
The most recent change in interest rates was a reduction of 0.25% to 3.75% from 4.0% on February 6 this year.
(SP)
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08 January 2009
Interest Rates Reach All-Time Low Of 1.5%
The Bank of England has cut interest rates to 1.5%, as it is rumoured the Chancellor is considering printing more money in an attempt to alleviate the pressures of the credit crunch. The Bank's Monetary Policy announced the cut of 0.5 percentage point, taking it to its lowest level in its 315-year history.
Interest Rates Reach All-Time Low Of 1.5%
The Bank of England has cut interest rates to 1.5%, as it is rumoured the Chancellor is considering printing more money in an attempt to alleviate the pressures of the credit crunch. The Bank's Monetary Policy announced the cut of 0.5 percentage point, taking it to its lowest level in its 315-year history.
07 August 2008
Interest Rates Held
The Bank of England has kept interest rates at 5% for the fourth month in a row in a bid to balance slow growth and rising inflation. The Monetary Policy Committee's (MPC) primary goal is to reduce the current inflation rate of 3.8% to the Government target of 2%.
Interest Rates Held
The Bank of England has kept interest rates at 5% for the fourth month in a row in a bid to balance slow growth and rising inflation. The Monetary Policy Committee's (MPC) primary goal is to reduce the current inflation rate of 3.8% to the Government target of 2%.
08 September 2005
Interest rates remain on hold at 4.5%
The Bank of England has left interest rates unchanged at 4.5%, as expected by many analysts. Last month, the Bank’s Monetary Policy Committee (MPC) reduced interest rates from 4.75% to 4.5%, amid fears of a slowdown in economic growth and a slump in consumer spending.
Interest rates remain on hold at 4.5%
The Bank of England has left interest rates unchanged at 4.5%, as expected by many analysts. Last month, the Bank’s Monetary Policy Committee (MPC) reduced interest rates from 4.75% to 4.5%, amid fears of a slowdown in economic growth and a slump in consumer spending.
05 November 2015
Interest Rates To Remain Unchanged – BoE
The Bank of England (BoE) has voted to keep interest rates at 0.5%, it has been announced. It is understood the Bank's Monetary Policy Committee voted to keep the record-low rate the same, by a vote of 8 to 1. Economists had predicted that interest rates would not rise this month.
Interest Rates To Remain Unchanged – BoE
The Bank of England (BoE) has voted to keep interest rates at 0.5%, it has been announced. It is understood the Bank's Monetary Policy Committee voted to keep the record-low rate the same, by a vote of 8 to 1. Economists had predicted that interest rates would not rise this month.
04 February 2010
Interest Rates And 'Easing' Held
The Bank of England today held interest rates at 0.5%, with so-called 'quantitative easing' being mainted at £200 billion. The UK officially climbed out of recession last month, following a 0.1% growth in output. "After a substantial fall in output, the UK economy recorded sluggish growth in the final quarter of 2009," the bank said this morning.
Interest Rates And 'Easing' Held
The Bank of England today held interest rates at 0.5%, with so-called 'quantitative easing' being mainted at £200 billion. The UK officially climbed out of recession last month, following a 0.1% growth in output. "After a substantial fall in output, the UK economy recorded sluggish growth in the final quarter of 2009," the bank said this morning.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
