Loan Digest

Bank of England to Announce Interest Rate Decision

  • 📰 MENnewsdesk
  • ⏱ Reading Time:
  • 8 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 69%

Finance News

Bank Of England,Interest Rate,Monetary Policy Committee

The Bank of England will hold a meeting to decide on the base rate. Recent GDP data showed a decline in the economy. Experts predict no change in the base rate.

The Bank of England is set to announce a new interest rate decision next week. The Monetary Policy Committee will meet to determine whether the base rate will be increased or decreased. The rate affects mortgage rates and loan payback rates.

Recent GDP data showed a 0.3% decline in the British economy, worse than expected. Experts predict the base rate will remain at 5.25%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of England under new pressure to cut interest rates as mortgage arrears growBudget watchdog says it is unclear how Jeremy Hunt's spending plans 'add up'
Source: i newspaper - 🏆 8. / 89 Read more »

Bank of England to make interest rate announcement next weekChanges to the base rate will have a direct effect on many Brits' personal finances
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Why are mortgage rates still rising when the Bank of England base rate is not?Several lenders have increased their mortgage rates in the past few days - though experts predict this trend may reverse soon
Source: i newspaper - 🏆 8. / 89 Read more »