Interest Rates up to 4.5%
Bank of England raises rates again
10th June 2004
As widely expected, the Bank of England's monetary committee yesterday decided to put interest rates up by another 0.25%. The base rate now stands at 4.5%.
Previous increases have apparently had little effect on customer spending or house prices, which is thought to be a cause for concern to the committtee, along with record debt levels.
Many analysts are predicting that rates will reach 5% by the end of the year.
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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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