Today news
About the same in other media
Bank of England keeps UK interest rates on hold at 0.1%
Reading now: 527
The Bank of England has left official interest rates unchanged at 0.1%.
Despite a surge in inflation, the Bank’s nine-strong monetary policy committee (MPC) has decided to leave the cost of borrowing at the emergency level that it has been at since the start of the Covid-19 pandemic.
The decision came as a surprise to the financial markets, which had been expecting the MPC to respond to the price pressures caused by the reopening of the economy following lockdown.
However, the Bank said it believed the surge in inflation would be temporary and a wait-and-see approach to interest-rate rises was justified.
More details to follow …
Read more on theguardian.comAbout this in other media
Higher interest rates ‘could weigh on UK housing market’ theguardian.com /3 years ago
Sanjeev Gupta’s GFG Alliance sells two car parts factories in England theguardian.com /3 years ago
Metro Bank takeover prospects slump as US buyer ends talks theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
