Tag: Bank's Monetary Policy Committee

• Monday, April 23rd 2018 - 08:41 UTC

  Bank of England likely to raise interest rates twice in 2018 and 2019

  

  The Bank of England is likely to raise interest rates twice this year and twice in 2019, despite a sluggish economy, says a forecasting body. Bank governor Mark Carney has said a rate rise is “likely” this year, but any increases will be gradual.

• Thursday, March 6th 2014 - 21:13 UTC

  UK interest rate held at 0.5%, making it a record low of five years

  

  UK interest rates have been held at 0.5% for another month, the Bank of England announced on Thursday. The decision by the Bank's Monetary Policy Committee comes five years after the record low level was first introduced.