UK rates unchanged at 4.75%
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The Bank of England keeps UK interest rates at 4.75% following its latest meeting.
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UK interest rates are expected to remain on hold at 4.75% following the Bank of England's latest rate-setting meeting.
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By Malcolm Moore, Economics Correspondent (Filed: 10/09/2004). The Bank of England held interest rates at 4.75pc yesterday after a series of recent surveys showed the housing market was slowing down.
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The standtstill in eurozone and UK interest rates, held at 4 per cent and 5.75 per cent respectively, failed to rally European equity markets on Thursday.
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South Korea's central bank has left its key interest rate unchanged at 4.5 percent for a fourth consecutive month in a move widely seen to help boost the economy.
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The Bank of England on Thursday left its benchmark interest rate unchanged, at 4.75 percent, as policy makers assessed whether borrowing costs, already the highest in the Group of Seven, are constraining consumer demand.
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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 pound remained sharply higher after the Bank of England's decision to hike interest rates by 25 basis points to 4.75 percent surprised the market, which had been expecting rates to be left on hold.
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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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With Britain's red-hot housing market showing signs of cooling and consumer spending slowing, the Bank of England looks certain to leave interest rates at 4.75 percent on Thursday, analysts said.
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HOUSE prices have shown their largest decline in four years, according to figures out yesterday. The data came as the Bank of England announced that its interest rates would stay at 4.75 per cent.
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The Bank of England's rate-setters keep interest rates unchanged at 5.25%.
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The pound has remained firm, trading at 6-day lows against the euro after better-than-expected UK inflation data Tuesday morning increased expectations that the Bank of England will raise interest rates further in 2007, most likely in February.
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British interest rates stayed at 4.75 percent for the fourth month running on Thursday, but economists are split over whether the Bank of England will raise borrowing costs again next year.
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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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The Bank of England keeps UK interest rates unchanged at 5.5%, despite signs of a consumer spending slowdown.
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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.