Bank of England Votes to Keep Interest Rates Down
The Monetary Policy Committee at the Bank of England has voted to keep interest rates at a record low for at least another month. The current rate of 0.5% has been in place for five years and no change in the immediate future appears likely. Despite an improving economic climate and two of the nine […]
UK Economy set for Quick 2014 Growth
Growth in the UK economy will outpace any other G7 economy in 2014, according to a report from the EY Item Club. The report also hinted that low wage increases will stave off any potential interest rate rises until at least 2015. Strong business investment will drive growth in UK gross domestic product by 3.1% […]
Expect Low Interest Rates for Foreseeable Future
Low interest rates will continue well into 2015 according to high ranking officials at the Bank of England as only a period of sustained strong growth will see a change. The Bank’s chief economist Spencer Dale said the weakness of the UK economy and the threat of further world shocks were holding back a change […]
