Monetary Policy Committee – Charm

Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked

Cs news9 months ago05 mins

LONDON (AP) — The Bank of England kept its main interest rate unchanged at 4% on Thursday with a majority of policymakers indicating that they need more information on how swiftly inflation will fall back towards their target. The decision by the nine-member rate-setting body to maintain Bank Rate — a benchmark for mortgages as…

Bank has held rates four out of nine times since Labour took power

Cs news1 year ago1 year ago03 mins

The Labour Party has claimed that since it was elected to Government, the Bank of England has cut interest rates “five times in a row”. The party said: “Interest rates have now been cut five times in a row since Labour came into power.” The message was also shared in a social media graphic which…