Base rate stays at 5.75%

The Bank of England has voted to leave the base rate at 5.75% for the fourth month in a row. The last change was an increase of quarter of a percentage point to 5.75% on 5 July 2007.

A cut is expected in the near future, but it was widely recognised that there is insufficient pressure to cut the base rate just yet.

This entry was posted on Thursday, November 8th, 2007 at 12:43 pm and is filed under Interest Rates. 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.