UK Interest Rates Remain At 0.5%

07/07/2011

The BBC reports that the Bank of England’s Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%.

Economists had expected no move in rates as the latest data has shown the UK economic recovery remains weak.

The committee’s decision comes despite the annual rate of inflation remaining at 4.5% in May, well above the Bank’s 2% target.

It is the 28th month in a row that the Bank’s nine-strong committee has left interest rates unchanged

Click here to read the article…..

Written by Claire Allison | Mortgage Consultant

Claire joined Mantle Financial Planning in 2001 having worked in the travel industry for several years. Read more >>

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