Interest Rate Unchanged
The Bank of England Base Rate stays at 4.75%
9th September 2004
The Bank of England Monetary Committee has announced that the Bank of England base rate will remain at 4.75% after their September meeting.
The news follows reports that the housing market is slowing down, even falling by 1.6% in August.
Many commentators feel that this may be the peak in interest rates in the short term, coming after 5 rises since November 2003.
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More on Interest Rates : Mortgage Approvals Up Again (News, 28/09/2005), Weak Growth Prompts Rate Cut Prediction (News, 28/09/2005), Lenders Slow to Pass On Rate Cut (News, 11/08/2005), Interest Rates Reduced (News, 04/08/2005), No Change In Interest Rates (News, 09/05/2005), See all 11 Interest Rates stories >>> |
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