Bank leaves rates on hold again
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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 has kept interest rates unchanged at 5.25 percent, opting for a wait-and-see approach on the economy after January's surprise hike had rattled financial markets.
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The Bank of England today held the base interest rate at 4.75% for the fourth consecutive month, with the decision coming amid evidence of a slowdown in house price growth and weak economic data.
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The Bank of Japan is seen holding off raising interest rates on Wednesday, hours after the U.S. central bank slashed rates by a hefty half-percentage point to try to shield the U.S. economy from a housing slump and market turmoil.
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The pound kept its recent buoyancy intact after data out this morning revealed continued tightness in the UK labour market, leaving open speculation that the Bank of England may be forced into one more rate hike.
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The Bank of England is set to keep interest rates on hold following the latest meeting of the its Monetary Policy Committee.
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The Bank of England is widely tipped to keep interest rates on hold at 5.25% on Thursday.
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The Bank of England holds UK interest rates at 5.5%, but analysts say a rate rise later this year remains likely.
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The Bank of England also left its benchmark rate unchanged at 5.75 percent.
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The Bank of England left interest rates unchanged for a third successive month on Thursday amid speculation borrowing costs may remain at 4.75 per cent well into next year as the economy cools.
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The US Federal Reserve opts to keep interest rates on hold for the fourth successive month amid signs of a slowing economy.
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Interest rates are expected to be left on hold for a sixth consecutive month when the Bank of England announces the decision of its monthly meeting later.
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The European Central Bank keeps its key interest rate on hold at 3.5%, in a widely-expected move.
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THE Bank of England&#39;s monetary policy committee kept Britain&#39;s 11m homebuyers, businesses and the City happy today when it left interest rates on hold at 4.75% for the second month in a row.
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Crippled credit markets earned some reprieve on Thursday as a key bank borrowing rate receded and the pace of deterioration in commercial paper issuance showed signs of abating.
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The Bank of England should leave interest rates on hold until next year to give consumers a breathing space in the run-up to the crucial Christmas trading period, the CBI said yesterday.
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Business & money: The Bank of England voted by a majority of just one not to raise interest rates again, minutes show.