Consumer demand keeps interest rates unchanged

Professional Adviser
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A higher increase in consumer demand - both in the UK and in the eurozone - than anticipated was one...

A higher increase in consumer demand - both in the UK and in the eurozone - than anticipated was one of the reasons the base rate remained unchanged at the beginning of June. This comes as the Bank of England's Monetary Policy Committee report released Wednesday, revealed that six members out of nine voted in favour of leaving interest rates unchanged. Judging by the report, one of the main reasons behind the decision to keep the base rate at 3.75% was that UK consumption growth was slowing less rapidly than had first been expected. But this was not the only reason for ...

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