Menu
10/04/2003
Bank of England hold interest rates at 3.75%
The Bank of England's Monetary Policy Committee has today voted to maintain the Bank's rate at 3.75%.
There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
The announcement of the unchanged rate was of little surprise to most analysts, though some tipped a slight cut fearing that the UK economic slowdown had gathered pace.
The CBI has called on the Monetary policy Committee to cut rates next month - and the prospect of a cut is clearly on the horizon, the only question appears to be when.
The most recent change in interest rates was a reduction of 0.25% to 3.75% from 4.0% on February 6 this year.
(SP)
There was no accompanying statement from the Bank, but Sterling firmed slightly on the news that the rate was unchanged.
The announcement of the unchanged rate was of little surprise to most analysts, though some tipped a slight cut fearing that the UK economic slowdown had gathered pace.
The CBI has called on the Monetary policy Committee to cut rates next month - and the prospect of a cut is clearly on the horizon, the only question appears to be when.
The most recent change in interest rates was a reduction of 0.25% to 3.75% from 4.0% on February 6 this year.
(SP)
Related UK National News Stories
Click here for the latest headlines.
08 January 2009
Interest Rates Reach All-Time Low Of 1.5%
The Bank of England has cut interest rates to 1.5%, as it is rumoured the Chancellor is considering printing more money in an attempt to alleviate the pressures of the credit crunch. The Bank's Monetary Policy announced the cut of 0.5 percentage point, taking it to its lowest level in its 315-year history.
Interest Rates Reach All-Time Low Of 1.5%
The Bank of England has cut interest rates to 1.5%, as it is rumoured the Chancellor is considering printing more money in an attempt to alleviate the pressures of the credit crunch. The Bank's Monetary Policy announced the cut of 0.5 percentage point, taking it to its lowest level in its 315-year history.
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%.
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.
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.
10 April 2008
Interest Rates Reduced to 5%
The Bank of England's Monetary Policy Committee have cut interest rates from 5.25% to 5% to stabilise the economy as the global credit crunch reaches UK shores. The British Chambers of Commerce warned that the cut was "no longer sufficient".
Interest Rates Reduced to 5%
The Bank of England's Monetary Policy Committee have cut interest rates from 5.25% to 5% to stabilise the economy as the global credit crunch reaches UK shores. The British Chambers of Commerce warned that the cut was "no longer sufficient".
-
Northern Ireland WeatherToday:A dry but cloudy start. Rain will extend northeastwards to most places later this morning, becoming persistent and at times heavier this afternoon.The rain then clearing from many places later this evening. Maximum temperature 16 °C.Tonight:Mostly cloudy with a lot of dry weather during the night. Some rain lingering along north and east coasts, extending to inland parts of Country Down and Antrim by morning. Minimum temperature 9 °C.
