Bank of England holds interest rates at 5%
The Bank of England has kept interest rates at 5%.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 8 members voted to keep interest rates at 5%.
- 1 member voted to decrease interest
UK inflation rate remains at 2.2% in August 2024
The consumer prices index (CPI) measure of inflation held at 2.2% in August 2024, according to the Office for National Statistics (ONS).
Farrell Financial Planning do not give advice on future inflation or interest rate movements. Farrell Financial …
UK inflation rate rises to 2.2% in July 2024
The consumer prices index (CPI) measure of inflation rose from 2.0% to 2.2% in July 2024, according to the Office for National Statistics (ONS).
Farrell Financial Planning do not give advice on future inflation or interest rate movements. …
Bank of England cuts interest rates to 5%
The Bank of England has cut interest rates from 5.25% to 5%. This is the first interest rate cut since March 2020.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 4 members voted
UK inflation rate drops to 2.3% in May 2024
The consumer prices index (CPI) measure of inflation fell from 3.2% to 2.3% in May 2024, according to the Office for National Statistics (ONS).
Farrell Financial Planning do not give advice on future inflation or interest rate movements. …