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UK interest rates kept on hold at record low of 0.5%

Sat, 14 Jan 2012 23:59:59 -0000

UK interest rates kept on hold at record low of 0.5% UK interest rates have been held at their record low of 0.5% by the Bank of England's Monetary Policy Committee. Interest rates have been kept at 0.5% since March 2009. The Bank did not announce any increase ...

Interest rates held despite UK growth fears

Mon, 14 Nov 2011 23:59:59 -0000

Interest rates held despite UK growth fears The Bank of England kept its powder dry despite the escalating eurozone crisis, leaving rates on hold at 0.5pc and deciding against another injection of cash into the economy. Economists said the Bank is likely to reveal next week that it expects inflation to drop below its target within ...

Bank of England renews calls for more quantitative easing

Thu, 15 Sep 2011 23:59:59 -0000

Bank of England renews calls for more quantitative easing Adam Posen, the Bank of England's leading "dove", has urged his colleagues on Threadneedle Street's monetary policy commitee to ignore rising inflation and back urgent moves to boost Britain's flagging economy. Warning that the Bank and its counterparts from the other G7 countries might have already wai...

UK interest rates remain on hold at 0.5%

Wed, 17 Aug 2011 23:59:59 -0000

UK interest rates remain on hold at 0.5% UK interest rates have now been held at 0.5% for more than two years UK interest rates have been kept at a record low of 0.5% by the Bank of England's Monetary Policy Committee (MPC). Economists had expected interest rates would remain unchanged due to the subdued economy. GDP figures for the second quarter sh...

Bank ponders new help for UK's weak economy

Sat, 25 Jun 2011 22:59:59 -0000

Bank ponders new help for UK's weak economy Interest rates are unlikely to rise before early next year, City analysts' reading of the latest minutes of the Monetary Policy Committee suggest "and there is an increasing possibility that another round of quantitative easing could be on the way if the economy remains weak. Members of the MP...

Interest rates set to stay on hold

Tue, 7 Jun 2011 22:59:59 -0000

Interest rates set to stay on holdThe Bank of England will defy inflation and hold interest rates at a record low this week, amid signs that Britain's economic recovery is faltering. The latest estimate of gross domestic product - showing a tepid 0.5% rise between January and March - revealed a slowdown in consumer spending and business investment, which analysts said raised concerns o...

Bleak surveys pose interest rate rise dilemma for Bank of England

Sun, 17 Apr 2011 22:59:59 -0000

Bleak surveys pose interest rate rise dilemma for Bank of England Number of profit warnings in first quarter up 50% Confidence lower than in recession, say finance chiefs Britain's stagnating economy faces months of gloom after a series of business surveys showed profits down and confidence among industry bosses waning. A report by the accou...

Bank holds record low interest rate

Sun, 13 Mar 2011 23:59:59 -0000

Bank holds record low interest rateThe Bank of England refused to bow to pressure over surging inflation today as it held interest rates at their historic low of 0.5%. The debate among the nine-strong Monetary Policy Committee (MPC) was likely to have been heated as new pressures on inflation emerged and recent voting evidence showed an increase in the num...

UK interest rates held at 0.5% by Bank of England

Sun, 13 Feb 2011 23:59:59 -0000

UK interest rates held at 0.5% by Bank of England The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. Both decisions were expected, but the level of division will not be clear until the minutes of the meeting are released. At the MPC's January meeting, there was a three-way s...

UK interest rates held at 0.5% by Bank of England

Fri, 10 Dec 2010 23:59:59 -0000

UK interest rates held at 0.5% by Bank of England The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. Both decisions were expected...

The World Interest Rate

Thu, 18 Nov 2010 23:59:59 -0000

World Interest Rates TableThe World Interest Rate Table covers the current interest rates of 23 different countries including previous rates and the latest dates when they were changed by Central Banks. ...

Interest-rate and stimulus decision split MPC vote

Sat, 23 Oct 2010 22:59:59 -0000

Interest-rate and stimulus decision split MPC vote The Bank of England's Adam Posen voted for another 50bn of quantitative easing, while Andrew Sentance again called for a 0.25 per cent interest rate riseThe Bank of England's Monetary Policy Committee (MPC) was split three ways over whether to raise interest rates or to begin a second ...

UK interest rates remain at record low of 0.5%

Wed, 15 Sep 2010 22:59:59 -0000

House prices: Surveyors expect property values to fall The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 18th consecutive month. The Monetary Policy Committee's (MPC) decision had been expected, but calls have been growing for an increase in rates to curb inflation. CPI inflation was 3.1% in July, above the Bank of En...

Interest rates 'won't go up until mid-2011'

Sat, 3 Jul 2010 22:59:59 -0000

Interest rates 'won't go up until mid-2011' Expectations for the first rate hike from the Bank of England have been pushed back further into next year, according to a new survey of experts. As the Bank of England's monetary policy committee prepares for its July meeting next week, a new poll from Reuters shows that econ...

Interest rates may rise before the end of the year

Sat, 8 May 2010 22:59:59 -0000

Interest rates may rise before the end of the yearThe Bank of England may raise interest rates sooner than expected after the cost of goods leaving factories surged to an 18-month high last month. As the Bank of England's rate-setting committee started its two-day rate meeting yesterday delayed because of th...

Bank rates steady to mark year at record low

Mon, 15 Mar 2010 23:59:59 -0000

Bank rates steady to mark year at record lowThe Bank of England's Monetary Policy Committee left interest rates unchanged at 0.5 per cent and also held back from any increases to its asset purchase programme.The decision means that the rate, by the time of the Bank's next monthly meeting, will have remained at 0.5 per cent for 13 months. Today ma...

Interest rates and quantitative easing on hold

Tue, 2 Feb 2010 23:59:59 -0000

Interest rates and quantitative easing on hold Thread needle Street's nine-strong monetary policy committee leaves bank rate at 0.5% The Bank of England adopted a "wait-and-see" approach to the economy today when it pegged interest rates at record low levels and left its �200bn money-creation programme unchanged. In a widely anticipated move, Thread need...

Interest rates rise on the horizon as MPC leaves QE unchanged

Wed, 30 Dec 2009 23:59:59 -0000

Interest rates rise on the horizon as MPC leaves QE unchanged The prospect of interest rate rises and an unwinding of the country's �200bn "money printing" programme moved a step closer after policymakers at the Bank of England voted unanimously to leave both unchanged this month. Minutes from the Monetary Policy Committee's December meeting show that...

When will interest rates rise?

Mon, 30 Nov 2009 23:59:59 -0000

When will interest rates rise? Latest predictions: Rates were left unchanged again at 0.50% in November, the eighth month in a row. So when will rates be raised again? The average forecast of economists polled by Reuters in October was for the MPC to hold the bank rate at 0.5% until at least July 2010. Rates were then seen rising to 0.75% by September and 1.0% by the end of of 2010....

Bank of England extends quantitative easing by £25bn – but is it enough?

Sat, 14 Nov 2009 23:59:59 -0000

Bank of England extends quantitative easing by �25bn - but is it enough? Mervyn King resists call to pump �50bn into economy to reverse six quarters of falling output - and holds rates at 0.5% The Bank of England has held interest rates at a historic low. The Bank of England came under fire from the City and business after it slowed the rate of electronic money growth to bo...

The decision by the Bank of England on interest rates and quantitative easing was broadly in line with City expectations.

Wed, 21 Oct 2009 23:59:59 -0000

The decision by the Bank of England on interest rates and quantitative easing was broadly in line with City expectations. The pound rose to a one-month high against the dollar today after it was revealed that the Bank of England's monetary policy committee had voted to keep its money-printing programme on hold. The policymakers voted unanimously earlier this month to leave interest ra...

Interest rates: News and predictions

Tue, 22 Sep 2009 22:59:59 -0000

Interest rates: News and predictions Interest rates have a direct impact on everyone's finances. We round up expert views on where rates are headed, followed by the latest news, analysis and advice on the site. Latest predictions: Rates were left unchanged again at 0.50% in September, the sixth month in a row, and the overwhelming expectation is for 'hold' again at the November ann...

Bank of England holds interest rate at 0.5%

Sun, 13 Sep 2009 22:59:59 -0000

Bank of England holds interest rate at 0.5% The Bank of England has opted to keep the Base Rate on hold for the sixth straight month, amid signs of increased confidence in the economy. The Monetary Policy Committees (MPC) decision to freeze the Bank Base Rate at 0.5% continues the recent stability in rates, after six cuts took it from 5% last October to its current record low. Simon Gammon, h...

Latest Predictions for Mortgage Interest Rates

Sun, 23 Aug 2009 22:59:59 -0000

Latest Predictions for Mortgage Interest Rates The Bank of England has been stuck in a dilemna between the high inflation rates and the slowing economy. However, recently, the economic slowdown has accelerated. Given ongoing problems in the credit market, it makes it more likely interest rates will fall. Interest rates could well fall by 1% in the next 12 months. Forecast for Inflation Inflat...

Ultra-low interest rates here to stay after inflation falls below government target

Tue, 14 Jul 2009 22:59:59 -0000

Ultra-low interest rates here to stay after inflation falls below government target Cheaper food and soft drinks helped push the annual rise in the cost of living down to 1.8% from 2.2%, according to the Office for National Statistics The City was braced tonight for a prolonged period of ultra-low interst rates after a combination of a slowing economy and cheaper food prices dragged Britain'sinf...

Bank of England voted 9-0 to keep interest rates at record low

Wed, 17 Jun 2009 22:59:59 -0000

Bank of England voted 9-0 to keep interest rates at record lowNo arguments were advanced for either reducing or increasing the process of quantitative easing Bank Of England policy makers voted unanimously this month to keep interest rates at a record low of 0.5%. Minutes of the 3-4 June meeting showed that the Bank's monetary policy committee agreed that the medium-term outlook for the economy ...

Rate-setter warns of 'false dawn'

Mon, 1 Jun 2009 22:59:59 -0000

The Bank of England official who warned of recession has said that the worst of the downturn is not over and signs of improvement may be "false dawns". David Blanchflower was a lone voice on the Bank's Monetary Policy Committee (MPC) calling for interest rate cuts as he accurately predicted the recession. Speaking at the end of his stint on the MPC, he said signs of green shoots in the economy...

Bank Of England To Keep Base Rates at 0.5% for Upto Two Years - Correct ?

Thu, 14 May 2009 22:59:59 -0000

Bank Of England To Keep Base Rates at 0.5% for Upto Two Years - Correct ? Reading today's inflation report from the Bank of England it is clear that they do not see the need to raise base rates from the current 0.5% for maybe one to two years for inflation to be likely to be kept under 2% over this period. That is right, their forecasts for the CPI inflation rate are skewed to 2% or lower in al...

Mortgage rates mixed in April

Tue, 12 May 2009 22:59:59 -0000

Mortgage rates mixed in April LONDON (Reuters) - Lenders raised interest rates on 2-year fixed rate mortgages in April, but the cost of tracker and variable rate deals fell slightly, Bank of England data showed on Tuesday. The cost of taking out a home loan remained well above the central bank's official 0.5 percent interest rate, reflecting the still-high price of credit on wholesale markets....

Need to know: BA job cuts ... HBOS legal action ... BT merger

Mon, 2 Mar 2009 23:59:59 -0000

Need to know: BA job cuts ... HBOS legal action ... BT merger Interest rates: The Bank of England is expected to cut interest rates by half a percentage point to 0.5 per cent on Thursday and will announce that it is to embark on quantitative easing, sometimes referred to as 'printing money', in a bid to boost the economy. Manufacturing activity: The PMI index of manufacturing activi...

Bank holds record low interest rate

Thu, 1 Jan 1970 00:00:00 -0000

Bank holds record low interest rate The Bank of England refused to bow to pressure over surging inflation today as it held interest rates at their historic low of 0.5%. The debate among the nine-strong Monetary Policy Committee (MPC) was likely to have been heated as new pressures on inflation emerged and recent voting evidence showed an increase in the number of policymakers ...