Bank Base Rate stays at 0.5%
As expected the Bank of England’s Monetary Policy Committee has voted to keep the base rate on hold at 0.5% where it has been since March this year.
Many commentators expect the rate to remain at this level until well into next year, with one even predicting rates will stay at this level for another five years.
The Bank of England also said that it was continuing with it’s £175 billion of quantitative easing, which it expected to take another month to complete.
Tags: 1 Stop Financial Services, bank base rate, bank of england, Bank Rate, base rate
