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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.
08 May 2003
Bank of England holds interest rates at 3.75%
The Monetary Policy Committee of the Bank of England has announced its decision to keep interest rates in the UK at 3.75%. The decision by the MPC to hold rates comes in spite of concerns about the increasingly weakened state of the UK economy, particularly the in manufacturing sector.
Bank of England holds interest rates at 3.75%
The Monetary Policy Committee of the Bank of England has announced its decision to keep interest rates in the UK at 3.75%. The decision by the MPC to hold rates comes in spite of concerns about the increasingly weakened state of the UK economy, particularly the in manufacturing sector.
16 September 2014
ONS Figures Show Further Fall In UK Inflation Rate
New figures from the Office for National Statistics (ONS) have revealed that the annual rate of inflation, measured as the Consumer Price Index (CPI), fell in August to 1.5%. The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
ONS Figures Show Further Fall In UK Inflation Rate
New figures from the Office for National Statistics (ONS) have revealed that the annual rate of inflation, measured as the Consumer Price Index (CPI), fell in August to 1.5%. The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
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Northern Ireland WeatherToday:Cloudy with longer spells of rain during the morning, this rain heavy at times. Generally brighter in the afternoon, but with scattered and at times heavy showers. Maximum temperature 14 °C.Tonight:A mainly dry evening and night with isolated showers dying out and some longer clear spells. Then it will cloud over towards morning with some heavy showers. Minimum temperature 7 °C.
