Bank holds off on rate rises for another month

Bank holds off on rate rises for another month

Thursday, March 10, 2005

The Bank of England Monetary Policy Committee decided to freeze interest rates for another month today.

The most recent change in interest rates was an increase of 0.25 percentage points to 4.75% on 5th August 2004.

At the start of this month, experts said homeowners should expect a further rate rise after new data showed house prices marching forward and the strongest mortgage demand since the summer, but recent figures showing weak sales on the High Street may have stayed the MPC's hand.

Last month, the committee indicated that an increase in rates "might be warranted in due course" if the economy follows the Bank of England's projected path.

Some analysts yesterday were still predicting a rise, but maybe not until May.

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…

Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...

Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...

Sponsored listings:


Worldwide	England	Northern Ireland	Scotland	Wales	London	Spain	France	Italy	USA	Investment


Privacy policy Terms of use Support Bookmark now! uk index						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.