BoE maintains interest rates at 4.75%
UK interest rates have again been left unchanged at 4.75% following the Bank of England's Monetary Policy Committee meeting which closed at midday today.
The decision was widely expected although markets had been jittery and experts somewhat undecided on when the next move would come. Strength in the housing market and recent figures for lending had given scope for another surprise rise.
The majority of experts are predicting that a rise to 5% is needed and the BoE will probably do this next month.
UK interest rates have again been left unchanged at 4.75% following the Bank of England's Monetary Policy Committee meeting which closed at midday today.
The decision was widely expected although markets had been jittery and experts somewhat undecided on when the next move would come. Strength in the housing market and recent figures for lending had given scope for another surprise rise.
The majority of experts are predicting that a rise to 5% is needed and the BoE will probably do this next month.
posted by tony at 4:32 PM
0 Comments:
Post a Comment
<< Home