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07/05/2009
UK Interest Rates To Remain At 0.5%
The Bank of England's Monetary Policy Committee has announced it will kept interest rates on hold at 0.5%, for the second month in a row.
The news came as the MPC decided to go ahead with pumping £50 billion of new money as part of its quantitative easing on the economy.
Interest rates have remained at an all time low, following six cuts since October last year, when they were at 5%.
The decision to increase the scale of its operation to print the money and buy assets brought forward a move that had been widely anticipated by experts to occur next month.
It also comes as data released on the state of the services, manufacturing and construction sectors over the past week have indicated that circumstances for businesses in the UK had modestly improved in September. This has lead to hopes the worst of the UK recession is over and growing confidence among consumers.
However, official figures showed a shock 1.9% dive in output during the first three months of 2009.
(JM/BMcC)
The news came as the MPC decided to go ahead with pumping £50 billion of new money as part of its quantitative easing on the economy.
Interest rates have remained at an all time low, following six cuts since October last year, when they were at 5%.
The decision to increase the scale of its operation to print the money and buy assets brought forward a move that had been widely anticipated by experts to occur next month.
It also comes as data released on the state of the services, manufacturing and construction sectors over the past week have indicated that circumstances for businesses in the UK had modestly improved in September. This has lead to hopes the worst of the UK recession is over and growing confidence among consumers.
However, official figures showed a shock 1.9% dive in output during the first three months of 2009.
(JM/BMcC)
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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 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.
04 September 2003
Interest rates stick at 3.5%
The Bank of England’s Monetary Policy Committee has announced that the UK interest rate will be held at 3.5%. Many leading economists consider that the interest rate may have reached its lowest point, particularly as there are early signs of an economic recovery.
Interest rates stick at 3.5%
The Bank of England’s Monetary Policy Committee has announced that the UK interest rate will be held at 3.5%. Many leading economists consider that the interest rate may have reached its lowest point, particularly as there are early signs of an economic recovery.
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%.
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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