Bank of England holds main UK interest rate at 4% with inflation above target

Interest Rates Held at 4 Percent as UK ‘Not Out of Woods’ on Inflation

The Bank of England has held interest rates at 4 percent as it said the UK was “not out of the woods” on inflation, with taxes contributing to rising food costs. The Bank’s Monetary Policy Committee (MPC) voted to keep rates unchanged, following a 0.25 percentage point cut in August. Governor Andrew Bailey said: “Although we expect inflation to return to our 2 percent target, we’re not out of the woods yet so any future cuts will need to be made…

‘Disappointment’ for home buyers and ‘frustration’ for savers as base rate held

Some mortgage rates have been creeping up in recent weeks, while savings rates have been falling, finance experts said. Some mortgage rates have been hiked over the past month, despite August’s base-rate cut, while “frustrated” savers have seen rates tumble,  according to a financial information website. The Bank of England kept the base rate on hold at 4% on Thursday, after having previously made a 0.25 percentage point reduction from 4.25% to …

Bank of England interest rates decision announced - what it means for your money

The interest rates are announced every six weeks by the Bank of England in London

Bank of England holds rate as inflation stays high

The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation offsets the country's stagnant economic growth.

Bank of England announces major decision as inflation soars

Mortgage holders brace for noon when the Bank of England announces its latest decision on interest rates.

Money blog: Interest rate held; ESTA prices rising; supermarket fights to stay in top five

Today in Money, we cover the Bank of England's decision to hold the interest rate at 4%, a rise in the price of getting into the US and Morrisons' fight to stay in the top five biggest supermarkets. You'll also find the best inflation-busting savings accounts.