Rate rise unlikely......

It is reported that there is a reduced chance of a rise in interest rates in the near term, given recent economic weakness, Bank of England policymakers have said. Minutes from its July meeting showed the Monetary Policy Committee seven to two in favour of holding rates at 0.5...


UK interest rates steady at 0.5%.....

The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%.Economists had expected no move in rates because the latest data has shown the UK economic recovery remains weak. The committee's decision comes despite the annual...