Powered by MOMENTUM MEDIA
the adviser logo
Lender

Bank of England holds rates at 5pc

by Staff Reporter6 minute read
The Adviser

The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per cent.

The decision was largely expected as the Bank attempts to balance unyielding inflation and lacklustre economic growth.

The UK last cut rates in April this year by 25 basis points.

Published: 08-08-08 

default
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more