Bank unanimous on cutting rates
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Bank of England policymakers voted 9-0 to cut UK interest rates to 5.5% earlier this month, minutes show.
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Bank of England policymakers voted by 7-2 to keep borrowing costs steady at 5.25 percent in February, minutes of their latest meeting showed on Wednesday.
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The Bank of England's rate-setting panel will unveil their latest policy decision, with analysts forecasting a heated debate but no change to the central bank's key 4.50 percent rate.
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Bank of England policymakers voted unanimously to leave interest rates unchanged at 4.75 percent earlier this month and did not even consider a hike, official records showed, reinforcing expectations that borrowing costs are at or near a peak.
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Business & money: Larry Elliott on whether the Bank of England should cut interest rates or wait another month
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The Bank of England held its key interest rate steady at 5 percent on Thursday, a decision that was widely expected.
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Many members of the Bank of Japan policy board agreed in early July that there was uncertainty in the outlook for adjustments in the American housing markets because of subprime mortgage problems, minutes of the central bankâs meeting of July 11-12 showed. Some members said it was not highly likely that the subprime loan problems would severely affect credit markets, the minutes showed, but if that were to happen, there was a âpossibility that global financial and economic conditions could be badly affected.â The nine-member board agreed by an 8-1 vote to keep the overnight call rate target at 0.50 percent. The policy makers maintained the view that the United States economy would probably achieve a soft landing toward the end of the year.
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The Bank of England has decided that interest rates will stay the same despite a consumer slow-down. Your views?
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The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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Bank of England policymakers voted 8-1 to leave British interest rates at 5.50 percent earlier this month, minutes of the meeting showed on Wednesday.
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The Bank of England will likely trim interest rates by a quarter-point to 5.25 percent on Thursday, as it seeks to support growth but contain inflationary pressures, analysts said.
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The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent.
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The Bank of England held interest rates steady at 5.5 percent on Thursday, resisting calls for a cut amid mounting signs of a slowing domestic economy.
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All eight members of the Bank of England's rate-setting committee voted to hold UK rates at 4.75% this month.
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The Bank of England left its key interest rate unchanged at 4.75 percent Thursday.
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Members of the Bank of England have voted unanimously to freeze interest rates this month amid signs of a slowing housing market and falling inflation.
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The Bank of England is expected to leave interest rates unchanged after the latest meeting of its Monetary Policy Committee.