AM Online

Interest rates stay at 0.5%

The Bank of England has kept its interest rates on hold at 0.5% in a widely expected move following a number of rate cuts in recent months.

Rates remain at an all-time low after six cuts since October last year, when interest rates stood at 5%, reported BBC.

The Bank is also continuing with quantitative easing, or creating money to help boost lending. It has so far injected £26.4bn into the system.

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


No comments have been made yet.