Menu
07/08/2014
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported.
The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
It is now expected that the Bank of England's governor, Mark Carney, will come under increasing pressure over the timing of a rise in interest rates.
Mr Carney said in June that the rate could rise sooner than financial markets expect, but would not be drawn on a date.
(MH/JP)
The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
It is now expected that the Bank of England's governor, Mark Carney, will come under increasing pressure over the timing of a rise in interest rates.
Mr Carney said in June that the rate could rise sooner than financial markets expect, but would not be drawn on a date.
(MH/JP)
Related UK National News Stories
Click here for the latest headlines.
07 August 2013
Bank Of England To Hold Interest Rate
The interest rate will be held until the jobless figure drops below 7%, the Bank of England have announced. Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level. Currently the UK unemployment rate stands at 7.8%.
Bank Of England To Hold Interest Rate
The interest rate will be held until the jobless figure drops below 7%, the Bank of England have announced. Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level. Currently the UK unemployment rate stands at 7.8%.
09 January 2014
Bank Of England Holds Interest Rate
The Bank of England has said it will maintain its interest rate at 0.5%. It also gave no indication as to when it might increase the rate. In August 2013, governor Mark Carney said the unemployment rate would need to fall to 7% before an increase in interest rates would be considered.
Bank Of England Holds Interest Rate
The Bank of England has said it will maintain its interest rate at 0.5%. It also gave no indication as to when it might increase the rate. In August 2013, governor Mark Carney said the unemployment rate would need to fall to 7% before an increase in interest rates would be considered.
16 January 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
13 June 2014
Interest Rates Could Rise This Year
The Governor of the Bank of England Mark Carney has said that interest rates may rise this year and warned that "gradual and limited" increases would be needed as the economy recovers. Mr Carney made the comments during his first Mansion House speech on Thursday. It is understood that the base rate has been stuck at 0.
Interest Rates Could Rise This Year
The Governor of the Bank of England Mark Carney has said that interest rates may rise this year and warned that "gradual and limited" increases would be needed as the economy recovers. Mr Carney made the comments during his first Mansion House speech on Thursday. It is understood that the base rate has been stuck at 0.
07 November 2013
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
