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. …
Bank of England holds interest rates at 5.25%
The Bank of England has kept interest rates at 5.25%, this is the sixth consecutive interest rate hold.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 7 members voted to keep interest rates
UK inflation rate drops to 3.2% in March 2024
The consumer prices index (CPI) measure of inflation fell from 3.4% to 3.2% in March 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 holds interest rates at 5.25%
The Bank of England has kept interest rates at 5.25%, this is the fifth consecutive interest rate hold.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 8 members voted to keep interest rates