Bank of England interest rate announcement | 20 June 2024
The Bank of England has today held the base rate at its current level of 5.25%. Yesterdays announcement that inflation had finally been wrestled to its target of 2% was certainly welcome news. However the reality is that with costs for things like food and utilities still significantly higher than they were 3 years ago, […]
Bank of England interest rate announcement | 21 March 2024
The Bank of England today announced it will again hold the interest rate at 5.25%. Despite inflation falling to 3.4% in February to the lowest levels for two and a half years it is still some way off the 2% target set by the Bank of England. As we have said many times previously, a […]
Bank of England interest rate announcement |1 February 2024
The Bank of England again holds interest rate As widely expected, the Bank of England has just announced that it would hold the interest rates at 5.25%. This decision came after inflation unexpectedly rose to 4% in December, up from 3.9% the previous month. Despite increasing 14 times from 0.1% in December 2021 to 5.25% […]
Bank of England Interest Rate Announcement | 14 December 2023
Decision by the Bank of England to hold the base rate at its current level of 5.25% was not a huge surprise. Although today’s decision was welcome, existing financial pressures mean it will be a bleak winter for some. The real issue now facing the decision-makers is how this affects the economy as a whole. […]