Bank of England keeps interest rates

Dec 10 2005

Posted by Gordon as Business Concepts, Business Enhancements, General Management, UK Companies

For the fourth successive month, the Bank of England has held interest rates at 4.5 per cent.

The Bank’s decision came as no surprise to economists, company formation and business solutions experts who are expecting that the Monetary Policy Committee of the Bank of England will only make a decision about cutting the base rate after the figures for Christmas and New Year retail have been released.

The last time the MPC cut rates was in August when a quarter-point reduction was announced as an attempt to address the tightening of consumer spending.

The business sector has been asking the for another rate cut to lighten the effects of inflation and rising energy costs even though they know that their calls would likely remain unanswered.

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