Interest rates held for fourth straight month
Interest rates held for fourth straight month
Thursday 4th June 2009
The Bank of England has held interest rates at 0.5 per cent, as expected, for a fourth successive month.The Bank's monetary policy committee (MPC) is expected to keep the current rate, in place since March until at least 2010.
Positive economic data filtering through in recent weeks could see the time that interest rates are raised against brought forward, however.
Commenting, Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said: "It should come as no surprise that the Bank of England has decided to hold rates for another month and concentrate on its policy of quantative easing. After all, the UK is still in recession.
"There are of course signs that the worst is over. The falling demand that triggered hefty cut backs in stocks and output across so many businesses seems to be easing. And some stability is returning to the financial markets."
Related News
May boon for UK house prices - 04/06/09
The sharpest monthly increase in UK house prices in seven years was felt last month, the Halifax has said
The sharpest monthly increase in UK house prices in seven years was felt last month, the Halifax has said
FTSE 100 up in early trading - 04/06/09
The FTSE 100 recovered in early trading by one per cent to 4,427
The FTSE 100 recovered in early trading by one per cent to 4,427
Consumer confidence rises to six-month high - 03/06/09
Consumer confidence in the UK rose to a six-month in May, figures released today show
Consumer confidence in the UK rose to a six-month in May, figures released today show
FTSE 100 heads lower in early trade - 03/06/09
The FTSE 100 was heading down in morning trading and dropped by 1
The FTSE 100 was heading down in morning trading and dropped by 1
News Article Search
Quick Apply
News Archive