Interest Rates Held Yet Again
Published / Last Updated on 10/05/2015
Interest Rates Held Yet Again.
The delayed Monetary Policy Committee of the Bank of England decision on interest rates has been confirmed.
Interest rates remain unchanged at 0.5% and QE (quantitative easing) remains at £375bn i.e. there has been no increase in government debt buy back.
The delay in the announcement was due to the election as the MPC usually meets on the first Thursday each month.
Given the economy and lower interest rates the decision for interest rates was not a surprise and we suspect will remain the same for some time.
We expect rates to remain unchanged until probably this time next year.