Base rate remains on hold at 0.50% - Economy - News - Moneyfacts

News

Base rate remains on hold at 0.50%

Base rate remains on hold at 0.50%

Category: Economy

Updated: 04/10/2012
First Published: 04/10/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Monetary Policy Committee (MPC) has voted to keep Bank of England base rate on hold at its historical low of 0.50%.

The Government's quantitative easing programme, intended to boost the UK 's economy, will also remain unchanged at £375 billion, following a £50 billion injection in July.

Base rate has remained on hold at 0.50% since March 2009.

What Next?

Find the best financial information for you - Compare Financial Solutions

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Base rate remains unchanged in surprise decision

Earlier today, the Bank of England’s rate setting committee announced that it had voted decisively to keep base rate on hold at its record low of 0.5%. But what does it mean for you?

Budget 2016 – an overview

Well, George Osborne has just revealed the Budget for 2016 – his eighth so far as Chancellor – and as ever, there were some winners and losers from the whole thing. Below is a quick overview of the key points.

What does a US Fed rise mean for the UK?

The US Federal Reserve has decided to raise interest rates, and although you may not think that financial events happening in the US will have much of an impact on UK soil, you may be surprised…
 
Close