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Bank of England hints at future interest rate rise – but holds rates at 0.25%

The Bank of England has once again kept UK interest rates at a record low of 0.25%.  Interest rates have been at this level since August 2016.

The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted 7 – 2 to leave interest rates unchanged at 0.25%.

However, the Bank of England also warned that interest rates could rise if inflation continued to grow.

Farrell Financial Planning do not give advice on inflation or future interest rate movements. Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow, Scotland.

Please feel free to explore our website and discover more about the advice services we offer.

All information is correct as at 14/09/17.

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