Bank of England holds interest rates at 5.25%
The Bank of England has kept interest rates at 5.25%, this comes on the back of fourteen consecutive interest rate rises.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 5 members voted to
UK inflation rate drops to 6.7% in August 2023
The consumer prices index (CPI) measure of inflation fell from 6.8 % to 6.7% in August 2023, according to the Office for National Statistics (ONS).
It is important to remember that CPI is calculated by looking at the …
UK inflation rate drops to 6.8% in July 2023
The consumer prices index (CPI) measure of inflation fell from 7.9% to 6.8% in July 2023, according to the Office for National Statistics (ONS).
Although inflation has dropped slightly, it is still substantially higher than the Bank of …
Bank of England increases interest rates to 5.25%
The Bank of England has increased interest rates from 5% to 5.25%. This is the fourteenth consecutive interest rate rise.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 6 members voted to move
Bank of England increases interest rates to 5%
The Bank of England has increased interest rates from 4.5% to 5%. This is the thirteenth consecutive interest rate rise.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 7 members voted to move