Bank of England keeps interest rates at 4.75 percent
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The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a second successive month, amid signs that Britain's red-hot housing market is cooling slightly.
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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 has kept its key interest rate at a five-year high point of 5.00 percent, opting against a further rise after last month's quarter-point increase.
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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 left the cost of borrowing unchanged at 4.75 per cent on Thursday after data had shown a slowdown in the housing market, slowing consumer
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Bank of England policymakers were widely predicted to freeze British interest rates at 4.75 percent after a surprise hike to borrowing costs last month, experts said.
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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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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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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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THE Bank of England left its key interest rate at 4.75 per cent yesterday, a decision that was widely expected, after a raft of data that showed the economy was cooling down.
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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 raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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Britain&#39;s central bank, the Bank of England, decided Thursday to leave the base interest rate on hold at 4.75 percent for the fourth month in a row amid signs of a cooling economy.
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The Bank of England (BoE) announced Thursday it decided to leave its interest rate unchanged at 4.75 percent in September following recent signs of cooling in the property market and a dampening of consumer spending.
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The Bank of England held its benchmark interest rate steady at 5.75 percent on Thursday. The decision was anticipated after weeks of turmoil in global markets.
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The Bank of England (BoE) has kept its key interest rate at a five-year high point of 5.00 percent, opting against a further rise after last month's quarter-point increase.
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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.