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 also left its benchmark rate unchanged at 5.75 percent.
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The Bank of England's interest rate setters voted unanimously to keep rates on hold at 4.75% in January, minutes of the meeting show.
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The Bank of England has no plans to bring forward its February interest rate meeting, a spokesman for the British central bank said on Tuesday, after the US Federal Reserve sprang a shock rate cut.
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It was the second month in a row that the bank&#39;s Monetary Policy Committee has frozen the rate. The decision was widely expected following data that showed Britain&#39;s manufacturing sector slowing down and a cooling of the housing market.
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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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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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The Bank of England leaves interest rates on hold at 4.75% for a sixth month in a row amid mixed signals from the economy.
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The Bank of England leaves rates on hold at 4.75%, though analysts predict an increase later this year.
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&quot;It&#39;s surprising that the bank still expects to have to raise rates, given the significant rise in the Australian dollar since August.
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The Bank of England left its key interest rate unchanged at 4.75 percent Thursday.
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Experts expect the Bank of England to leave interest rates on hold at 4.75% on Thursday.
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The Bank of England came close to another quarter-point interest rate rise earlier this month, minutes of their latest meeting showed on Wednesday.
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The Bank of England held its key interest rate at 5.25 percent for the second month in a row on Thursday, the central bank announced.
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The Bank of England has chosen to keep interest rates unchanged at 5.25 percent, deciding against another increase following January's surprise hike.
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The Bank of England is seen holding rates at 5.5% after its latest meeting, but a rise remains a possibility.
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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.