Borrowing costs on hold for fifth month

Borrowing costs on hold for fifth month

Thursday, January 12, 2006

The Bank of England’s Monetary Policy Committee kept borrowing costs steady for the fifth straight month in a row today.

Mortgage holders expecting a rate rise (see our story yesterday, UK consumers expecting interest rate hike) will heave a sigh of relief at the news that the MPC decided to hold rates at 4.5%.

However, workers and unions will not be happy: they had been calling for a rate cut to save up to 80,000 jobs that the TUC predicted will be lost in Britain's struggling manufacturing sector this year.

Analysts had not expected a cut however. All 45 polled by Reuters last week said the MPC would keep borrowing costs steady as the Bank waits for clearer signs on the state of the economy.

Many experts believe weaker economic growth and slowing inflation will lead to at least one rate cut this year.

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.