Forex Broker: Bank of England Interest Rate Freeze
The MPC (Monetary Policy Commitee) keeps the Bank of England interest rates the same at 5.25%. This rate setting comes from thoughts of both market expectation and financial experts for 2008.
The fears of a slowing economy and pressures from inflation have pretty much forced stability on interest rates. The balancing act of inflation and growth will continue and is doing throughout the global economy.
The European Central Bank has also left the interest rate changes on hold at 4%. House prices all over the UK are continuing to slow down too according to the Halifax which is the UK’s biggest lender of Mortgages.