Bank of England to pause interest rates at 5.50 percent
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Interest rates will likely remain at a six-year peak of 5.50 percent when Bank of England policymakers convene on Thursday, but another hike is due in the near future as the bank seeks to tame inflation.
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The Bank of England votes to leave rates unchanged at 5.25% after its two day meeting.
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LONDON : The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a second successive month, amid signs that Britain&#39;s red-hot housing market is cooling slightly.
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UK interest rates have been kept on hold at 4.75% following the latest meeting of the Bank of England&#39;s rate-setting committee.
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The Bank of England is generally expected to raise UK interest rates to 5.75% later, to help reduce inflation.
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The Bank of England on Thursday left its key interest rate at 5.50 percent, opting against back-to-back cuts amid a gloomy economic outlook at home and abroad.
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The Bank of England's Monetary Policy Committee is tipped to put up interest rates to 5.75%.
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The Bank of England is expected to keep UK interest rates on hold at 5.75% following its two-day meeting.
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Bank of England policymakers are widely expected to freeze British interest rates on Thursday after hiking borrowing costs to a five-year high of 5.0 percent in November, analysts said.
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The pound was off earlier highs as the market positioned itself for Wednesday's release of the minutes to the Nov 9 meeting of the Bank of England's Monetary Policy Committee, when interest rates were raised to 5.00 percent, their highest level in over five years.
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Policymakers at the Bank of England voted 6-3 to raise UK interest rates to 5.75% this month, minutes show.
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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 keep interest rates at 4.5% on Thursday - but another rise is expected before too long.
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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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The Bank of England is expected to keep interest rates at 5.25%, but another rise remains a possibility.
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UK interest rates are kept on hold at 4.75% by the Bank of England's Monetary Policy Committee amid signs of a slowing economy.
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The Bank of England keeps UK interest rates unchanged at 5.5%, despite signs of a consumer spending slowdown.