Interest Base Rates Held Again
Published / Last Updated on 06/08/2008
Interest Base Rates Held AgainThe Bank of England Monetary Policy Committee has again decided to hold base rates at 5% again.
Our viewAs predicted, we are not surprised with this news. We suspect that with oil prices falling and with a new gas supply line due very shortly, the basic costs of power will reduce which in turn have a knock on effect for energy, petrol and food prices.
This, we hope, should curb inflation a little. If we do not see any better news throughout the rest of August then expect some movement in September.
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