The Bank of England's Monetary Policy Committee has kept the UK base interest rate at 4.75%, as predicted by the City.
Further details of the committee's reasons for maintaining the repo rate at 4.75% will be revealed on December 22nd. The next MPC interest rate meeting - announcing whether rates will be maintained, cut or increased - will be held on Thursday 13th January 2005. The MPC last increased the UK base lending rate by 25 basis points to 4.75% on August 5th 2004. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
