NEWS STORY : UK Interest Rates Held at 5%

STORY

The Bank of England has confirmed that interest rates will be held at 5% after a cut from 5.25% the previous month. The members of the Monetary Policy Committee voted 8-1 to leave interest rates unchanged with Andrew Bailey, the Governor of the Bank of England, saying:

“It’s vital that inflation stays low, so we need to be careful not to cut too fast or by too much”.