Bank of England policymakers meet; no change seen on interest rates
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The Bank of England's rate-setting Monetary Policy Committee (MPC) began its two-day monthly meeting amid broad expectation that interest rates will be left unchanged due to signs of economic slowdown.
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Bank of England policymakers voted by 7-2 to raise British interest rates by a quarter of a percentage point to a five-year peak of 5.00 percent, minutes of their most recent meeting have shown.
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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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Business & money: The Bank of England voted by a majority of just one not to raise interest rates again, minutes show.
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MEMBERS of the Bank of Englandâs Monetary Policy Committee voted unanimously to freeze interest rates this month amid signs of a slowing housing market and falling inflation, a report showed today.
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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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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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UK interest rates are expected to remain at 5.75% following the Bank of England's latest meeting.
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The Bank of England surprised precisely no one by leaving interest rates unchanged at 4.75 percent for a fourth successive month, a decision widely anticipated amid continued signs of a cooling British economy.
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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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Five-years of over-optimistic forecasts did not help the Bank of England set rates and manage policy, a report says.
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Business & money: Gordon Brown today pledged to make appointments of economic experts to the Bank of England's rate-setting committee more open and transparent. By Larry Elliott.
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The Bank of England's rate-setters keep interest rates unchanged at 5.25%.
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The Bank of England's Monetary Policy Committee was unanimous in its decision to raise rates, minutes of the meeting show.
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Bank of England policymakers voted 8-1 to leave British interest rates at 5.50 percent earlier this month, minutes of the meeting showed on Wednesday.
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Relief all round today as the Bank of England held interest rates at 4.75 per cent... The move was widely anticipated - all 50 economist polled by Reuters before the MPC met said a rise was unlikely - and was welcomed by economists.
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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.