AM Online

Interest rates kept on hold

The Bank of England has announced that interest rates will stay on hold at 5.25%.

Analysts have highlighted that the Bank faces the threat of a slowing economy at a time when inflationary pressures are rising.

In February, the bank cut rates by a quarter of a percentage point from 5.5%, amid signs of a slowdown in the economy.

February's interest rate cut was the second lowering of UK rates in three months, with the previous reduction coming in December last year.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.