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07/12/2006
UK interest rates stay at 5%
The Bank of England has left interest rates unchanged at 5%.
The news comes as no surprise to analysts as the decision was widely anticipated.
The Bank of England's Monetary Policy Committee raised the interest rate in August and again in October in an effort to curb inflation, which is still running at above the government's target figure of 2%.
There is concern that inflation may edge higher as wage growth increases.
However, although a rise is expected early next year, it is uncertain when this will occur.
(SP/CD)
The news comes as no surprise to analysts as the decision was widely anticipated.
The Bank of England's Monetary Policy Committee raised the interest rate in August and again in October in an effort to curb inflation, which is still running at above the government's target figure of 2%.
There is concern that inflation may edge higher as wage growth increases.
However, although a rise is expected early next year, it is uncertain when this will occur.
(SP/CD)
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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.
17 October 2014
Bank Of England Suggest Interest Rates Will Remain Low
The Bank of England's chief economist, Andrew Haldane, has said that interest rates should "remain low to avoid long-term economic stagnation". In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks.
Bank Of England Suggest Interest Rates Will Remain Low
The Bank of England's chief economist, Andrew Haldane, has said that interest rates should "remain low to avoid long-term economic stagnation". In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks.
06 November 2008
Bank Of England Slashes Interest Rates To 3%
The Bank of England has reduced interest rates by 1.5% in a dramatic attempt to rescue Britain from the grip of recession. The cut - which takes interest rates to 3% - follows widespread calls from industry for a major reduction, as the country faces the prospect of a deep recession.
Bank Of England Slashes Interest Rates To 3%
The Bank of England has reduced interest rates by 1.5% in a dramatic attempt to rescue Britain from the grip of recession. The cut - which takes interest rates to 3% - follows widespread calls from industry for a major reduction, as the country faces the prospect of a deep recession.
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.
04 March 2004
Bank of England hold interest rates at 4%
The Bank of England's Monetary Policy Committee (MPC) has today voted to hold interest rates at 4%. The Confederation of British Industry (CBI) welcomed the move and the bank's "gradualist approach" managing rates rises.
Bank of England hold interest rates at 4%
The Bank of England's Monetary Policy Committee (MPC) has today voted to hold interest rates at 4%. The Confederation of British Industry (CBI) welcomed the move and the bank's "gradualist approach" managing rates rises.
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