Bank of England

The Bank of England's Monetary Policy Committe (MPC) has once again voted to maintain interest rates at 4.5%.

Consumer confidence has fallen again according to the latest figures from Nationwide published just ahead of tomorrows meeting of the Bank of England's, Monetary Policy Committee (MPC).

Bank of England January figures suggest total net lending to individuals increased £10.5bn on December, although the annualised growth rate remained unchanged at 10.3%.

Anyone hoping the Bank of England (BoE) will cut interest rates in the next couple of months should probably avoid holding their breath, according to the Council of Mortgage Lenders (CML).

Net lending to individuals was £9.6bn in December, in line with the figure for November and £0.8bn higher than the previous six-month average, according to the latest figures from the Bank of England.

SALES OF tax-efficient individual savings accounts (ISAs) fell by 10% during 2005, despite net retail sales of funds outside the tax wrapper rising by 73% over the same period, reports The Scotsman .

The Bank of England's Monetary Policy Committee (MPC) voted eight to one to maintain interest rates at their current level of 4.5% when it last met at the beginning of this month.

The Bank of England's Monetary Policy Committee has announced the UK base interest rate should be maintained at 4.5%.

Voca, the organisation formerly known as Bacs, which processes some 90% of UK salary payments to bank accounts, says latest figures on average earnings growth in the private sector argue strongly against the Bank of England cutting rates tomorrow.

The Bank of England should cut interest rates to avoid the threat of lower growth, higher unemployment and real problems for the manufacturing sector, claims a new report from the Trade Union Congress.