BoE minutes suggest rates are close to peak
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There was no discussion by Bank of England policymakers at their last meeting of any further rises in interest rates beyond the unanimously agreed quarter-point rise, boosting expectations that ...
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Mortgage rates inched up this week, but remained well below the year-high levels set in the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year, fixed-rate mortgages
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The Bank of England is widely expected to leave rates on hold at 4.75% at its latest interest rate meeting.
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The pound continued to climb, boosted by data out suggesting that the Bank of England&#39;s (BoE) 125 basis point rise in interest rates in the space of a year is still yet to bite.
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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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Sterling bulked up some by the end of the session. Earlier the pound had been on the backfoot after softer than expected inflation numbers for August cemented expectations that the Bank of England's rate-setting Monetary Policy Committee may not raise the cost of borrowing too much further from its current 4.75 percent.
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Business & money: Bank of England's governor wanted to raise rates to 5.75% this month but was out-voted, monetary policy committee minutes show.
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Bank of England policymakers voted by 7-2 to raise 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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Bank of England policymakers were united in their decision to cut interest rates by a quarter-point to 5.50 percent earlier this month, according to minutes of the BoE meeting published Wednesday.
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A &quot;no change&quot; interest rate decision by the Bank of England later today seems a sure bet and the chances of another hike before the end of the year appear to be fading fast.
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The Bank of England holds UK interest rates at 5.5%, but analysts say a rate rise later this year remains likely.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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Business & money: Larry Elliott on whether the Bank of England should cut interest rates or wait another month
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, according to a report.
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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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Hopes that interest rates have peaked were fuelled today by news that the Bank of England this month began considering the case for a cut in the cost of borrowing.
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The pound bounced back in afternoon trade but remained near seven-month lows against the euro after an extremely dovish set of minutes from the last meeting of the Bank of England's rate-setting body cemented expectations that the UK's cost of borrowing is at, or near, its peak.