Bank of England set to keep interest rate at 5.25 percent
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Bank of England policymakers are widely expected to hold interest rates at 5.25 percent on Thursday, while recent volatility across financial markets is unlikely to affect the outcome, economists said.
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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Bank of England policymakers voted 6-3 in favour of raising British interest rates by a quarter-poiont to 5.75 percent in July, minutes of their latest meeting showed on Wednesday.
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The Bank of England has held its key interest rate at 4.75 percent for the second consecutive month.
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The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a fourth successive month amid continued signs of cooling in the British economy.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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The Bank of England held its key interest rate at 5.50 percent, the highest level for six years, the central bank announced on Thursday.
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Bank of England policymakers are widely expected to freeze British interest rates on Thursday after hiking borrowing costs to a five-year high of 5.0 percent in November, analysts said.
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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The Bank of England held its benchmark interest rate steady at a six-year high of 5.5 percent after reports that price inflation is slowing in the services and housing sectors. The bank raised rates last month after three other rises since August apparently failed to cool inflationary pressures and a buoyant housing market. Even after the European Central Bank raised rates Wednesday by a quarter-point, to 4 percent, Britainâs rates remain the highest among the worldâs seven wealthiest nations. Most economists expect a rise of a quarter of a percentage point next month in British rates. as the Bank of England tries to bring consumer price index inflation back to its 2 percent target from its current level of 2.8 percent.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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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 left its key interest rate unchanged at 4.75 percent Thursday.
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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&#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 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 votes to leave rates unchanged at 5.25% after its two day meeting.