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Category: Interest Rates

Bank of England keeps interest rates on hold

The Bank of England has kept interest rates on hold at 0.75% but indicated it may cut the cost of borrowing if global economic growth fails to recover or Brexit uncertainties persist. It said the UK economy was expected to pick up from its current weakness.  However,...

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Base Rate increased to 0.75%

Monetary Policy Committee Announcement and Minutes At its meeting ending on 1 August 2018, the MPC voted unanimously to increase Bank Rate by 0.25 percentage points, to 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial...

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