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9 maj 2024 · Current Bank Rate 5% Next due: 7 November 2024. Current inflation rate 1.7% Target: 2% What are interest rates? Interest is what you pay for borrowing money, and what banks pay you for saving money with them. Interest rates are shown as a percentage of the amount you borrow or save over a year.
The Bank of England is expected to hold its main interest rate steady at 5.0% in its September 2024 meeting, following a 25 basis-point cut in August, the first in over four years. Inflation held at 2.2% in both July and August, with projections suggesting it won’t dip below the 2% target until at least 2026.
21 mar 2024 · The Bank of England holds interest rates at 5.25% for the fifth time in a row. The central bank's Monetary Policy Committee voted by a majority of 8–1 to keep rates unchanged.
20 cze 2024 · UK interest rates have been left unchanged at 5.25% by the Bank of England. The Bank has held rates at 5.25% for the seventh time, in an effort to combat inflation, leading to higher mortgage ...
20 cze 2024 · The Bank of England has kept interest rates on hold at 5.25 per cent in a “finely balanced” decision that dented Conservative hopes of a boost to personal finances just two weeks before the...
1 sie 2024 · The MPC voted by a majority of 7-2 to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £20 billion.
11 maj 2023 · The Bank of England raises interest rates from 4.25% to 4.5% - the 12th rise in a row and their highest level in almost 15 years. The increase means mortgage and loan costs will rise for...
