Bank accepts slowdown by pegging rates at 4.75%
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MILLIONS of homeowners were given a boost yesterday after the Bank of England opted to keep interest rates at 4.75%. Economists had predicted the move after a string of surveys
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British interest rates were kept at 4.75% today amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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The Bank of England's nine-member monetary policy committee voted unanimously to raise interest rates by 25 basis points to 4.75 percent earlier this month, official records showed.
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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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Despite signs of a poor Christmas for British retailers, the Bank of England (BoE) will likely refrain on Thursday from cutting interest rates from the current level of 4.75 percent.
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The Bank of England&#39;s Monetary Policy Committee voted unanimously to keep interest rates steady at 4.75 percent earlier this month, but analysts say another
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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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Bank of England expected to push rates up to 5.75%.
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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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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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The Bank of England is widely expected to leave interest rates unchanged at 4.75 percent on Thursday after recent signs that a string of hikes have started to douse the red-hot housing market.
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The Bank of England keeps UK interest rates at 4.75% following its latest meeting.
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The Bank of England leaves interest rates unchanged at 4.75%, after weak UK retail and manufacturing data.
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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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Bank of England (BoE) rate-setters were united in their decision to keep borrowing costs at 4.75 percent earlier this month, minutes of their most recent meeting have shown.
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Interest rates have been kept at 4.75% amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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The Bank of England has decided that interest rates will stay the same despite a consumer slowdown. Your views?