Rates Stay Unchanged
Bank of England Base Rate remains at 4.75%
9th Mat 2005
The Bank of England Monetary Policy Committee has opted to leave interest rates unchanged at 4.75% once again, making it 9 consecutive months the base rate has been held at this level.
Although there is some concern over inflation, with the level edging very close to the target figure of 2%, this was outweighed by evidence that the economy may be soon be entering a 'sticky patch' as consumer demand, manufacturing output and house prices all showed a drop.
Analysts are now generally agreed that there will be no further rate rises in pipeline, and that interest rates are in fact more likely to drop.
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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), Rates Stay at 4.75% (News, 07/04/2005), See all 11 Interest Rates stories >>> |
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