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08/03/2007
Interest rates remain unchanged at 5.25%
UK interest rates have been left on hold at 5.25% this month by the Bank of England's Monetary Policy Committee (MPC).
The MPC raised the interest rate by 0.25% in January. This followed three other quarter rate rises since last August.
Inflation recently rose to 3%, well above the government's target of 2%. However, last month it had slipped back to 2.7%.
The unchanged interest rates are good news for borrowers this month, however, it is feared that further interest rates may be introduced over the next few months in order to curb further inflation rises.
(KMcA/SP)
The MPC raised the interest rate by 0.25% in January. This followed three other quarter rate rises since last August.
Inflation recently rose to 3%, well above the government's target of 2%. However, last month it had slipped back to 2.7%.
The unchanged interest rates are good news for borrowers this month, however, it is feared that further interest rates may be introduced over the next few months in order to curb further inflation rises.
(KMcA/SP)
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09 June 2005
Interest rates remain at 4.75%
The Monetary Policy Committee for the Bank of England has left UK interest rates unchanged for the tenth month in a row. The decision to keep the interest rate at running, at 4.75% follows further uncertainty in the economy. Figures published today revealed that while there was slight monthly increase, 0.
Interest rates remain at 4.75%
The Monetary Policy Committee for the Bank of England has left UK interest rates unchanged for the tenth month in a row. The decision to keep the interest rate at running, at 4.75% follows further uncertainty in the economy. Figures published today revealed that while there was slight monthly increase, 0.
06 October 2005
Bank of England leaves interest rates on hold
The Bank of England has left UK interest rates on hold at 4.5% for the second month running. The Bank’s Monetary Policy Committee had reduced interest rates from 4.75% in August, in an attempt to reverse a slump in consumer spending. However, retail sales volumes fell at their fastest pace for 22 years last month.
Bank of England leaves interest rates on hold
The Bank of England has left UK interest rates on hold at 4.5% for the second month running. The Bank’s Monetary Policy Committee had reduced interest rates from 4.75% in August, in an attempt to reverse a slump in consumer spending. However, retail sales volumes fell at their fastest pace for 22 years last month.
08 February 2007
No change for UK interest rates
The Bank of England has voted to leave the interest rate unchanged at 5.25% this month. The news will come as a relief to homeowners, following last month's surprise 0.25% increase. The Bank's Monetary Police Committee increased the rate in January in an attempt to curb inflation, which hit 3% in December.
No change for UK interest rates
The Bank of England has voted to leave the interest rate unchanged at 5.25% this month. The news will come as a relief to homeowners, following last month's surprise 0.25% increase. The Bank's Monetary Police Committee increased the rate in January in an attempt to curb inflation, which hit 3% in December.
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.
09 November 2007
Interest Rates On Hold But Cut Likely Soon
Mounting pressure for a cut in the UK's interest rate hasn't produced one yet, but the good news for borrowers is that the Bank of England has at least kept interest rates on hold at 5.75% and indications are that a cut is due next time.
Interest Rates On Hold But Cut Likely Soon
Mounting pressure for a cut in the UK's interest rate hasn't produced one yet, but the good news for borrowers is that the Bank of England has at least kept interest rates on hold at 5.75% and indications are that a cut is due next time.
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