The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union.
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Interest Rates
Unexpected UK inflation in September causes pound sterling to fall
In September, the UK inflation came in much weaker than expected, causing the pound sterling to fall dramatically.
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Bank of England warns of impending interest rate increases
In recent days, the Bank of England (BoE) has warned that it intends to increase interest rates “sooner and faster” than previously expected over the coming months.
Read moreInterest rate hike just around the corner
In an interview with BBC Radio 4’s The Today Programme, Mark Carney, Governor of the Bank of England, has hinted that an interest rate rise could be just around the corner.
Read morePay day loan complaints rise despite new legislation
The Financial Ombudsman Service (FOS) has found that complaints about pay day loans have risen once again, with there being nine times more complaints than two years ago.
Read moreBanks reject cash LISA on launch
A grand total of zero banks and building societies have opted to take up the Government’s new Lifetime ISA (LISA) cash accounts on the day of their launch, it has emerged. The LISA is aimed at pension savers and first-time buyers, but banks say they have not been given enough […]
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