Thursday, January 10, 2008
Bank Reveals Interest Rate Decision
Updated:12:40, Thursday January 10, 2008
The Bank of England has resisted pressure to make the cost of borrowing cheaper and help struggling homeowners and businesses.
The decision to keep the base rate of interest at 5.5% comes despite calls for a cut from high street businesses.
Economists said the Bank's Monetary Policy Committee was facing one of its toughest decisions in years. Most believe interest rates will now fall in February.
DATED: 10.01.08
FEED: BoE
The Bank of England has resisted pressure to make the cost of borrowing cheaper and help struggling homeowners and businesses.
The decision to keep the base rate of interest at 5.5% comes despite calls for a cut from high street businesses.
Economists said the Bank's Monetary Policy Committee was facing one of its toughest decisions in years. Most believe interest rates will now fall in February.
DATED: 10.01.08
FEED: BoE
