Published 2 months ago

Bank of England keeps interest rates on hold at 5.25%

The UK economy is expected to cool off, leading to pressure on the Bank of England to reduce interest rates sooner.
A quarter percentage point interest rate cut is recommended by experts to signal optimism and reach a target base rate of 3-3.5%.
Mortgage approvals and inflation figures in February will be key indicators of the UK economy's performance moving forward.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

BBC News

UK interest rates held at highest level for 16 years

Interest rates have been held for a fifth time in a row by the Bank of England, remaining at 5.25%. The widely expected decision means the cost of borrowing stays at its highest level for 16 years.

2 months ago·United Kingdom

Read Full Article

The Guardian

Bank of England keeps interest rates on hold at 5.25%

The decision to leave rates unchanged for a fifth time comes despite UK recession and steep fall in inflation in recent months

2 months ago·London, United Kingdom

Read Full Article

The Independent

Bank of England keeps interest rates at 5.25 per cent in relief for homeowners

Bank of England announcement comes day after better-than-expected inflation figures on Wednesday, which chancellor Jeremy Hunt welcomed

2 months ago·London, United Kingdom

Read Full Article

Reuters

Headline Unavailable

2 months ago·United Kingdom

Read Full Article

Daily Express

Bank of England expected to hold interest rates at 16-year high of 5.25%

The inflation rate dropped slightly faster than expected in February, hitting 3.4% during the month, the lowest for two and a half years.

2 months ago·United Kingdom

Read Full Article

Daily Mirror

Interest rates LIVE: Bank of England expected to hold rate at 5.25% despite inflation drop

The Bank of England will announce its latest interest rates decision from its Monetary Policy Committee (MPC) today at 12pm, where it is expected the base rate will be held again at 5.25%

2 months ago·London, United Kingdom

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year