Base rate up to 5%

The Bank of England has today raised the base rate to 5%. The increase was widely expected, and is aimed to help bring inflation down to more acceptable levels.

The rise to 5% brings the base rate to its highest level in five years.

Opinion is split over further rises in the base rate in the new year.

This entry was posted on Thursday, November 9th, 2006 at 6:42 pm and is filed under Interest Rates, Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.