April 06 BoE Interest rate meeting |
Earlier this morning, the Monetary Policy Committee (MPC) of the Bank of England decided to keep the UK interest rate at 4.5%. The rate has been at 4.5% for last eight months now.
With the majority of the nine members voting for no change in the interest rate for some months now, it is widely expected that it will be sometime before a change is made. Whether the change is up or down though is one for debate. Various factors make it unclear whether an upwards or downwards movement can be expected.