The Bank of England is keeping its repo rate at 4% according to an annoucement just released. ...
The Bank of England is keeping its repo rate at 4% according to an annoucement just released. The decision was taken at a meeting of the Bank's Monetary Policy Committee. The minutes of the meeting are expected on 14 August. Most economists expected the decision due to recent share price falls and figures indicating that the consumer spending boom is cooling off. The rate has remained unchanged since 8 November last year, when it was cut 0.5% to its current level.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes