Brexit & EconomyPoliticsInterest rates remain at 4.5%

Interest rates remain at 4.5%

Rate unchanged for ninth time in a row

The prime lending rate will remain at 4.5% for the ninth month in a row
following the latest meeting of the Bank’s Monetary Policy Committee (MPC).

The move was widely expected by analysts who still expect an increase at some
point soon on the back of a strong UK housing market and manufacturing showing
signs of recovery.

At the MPC meeting, the vote was 7-1 in favour of keeping rates at 4.5%, with
the exception of Stephen Nickell, professor of economics at the London School of
Economics, who voted for a rate cut.

Roger Bootle, economic adviser to Deloitte, said the rate decision would
‘prompt most people to think that the next move in interest rates will be
upwards’, but also said there was still a chance of a cut.

Related Articles

5 key takeaways from Theresa May’s Florence speech

Brexit 5 key takeaways from Theresa May’s Florence speech

4w Alia Shoaib, Reporter
UK at risk of Brexit talent brain-drain

People Practice UK at risk of Brexit talent brain-drain

2m Alia Shoaib, Reporter
Brexit essentials: this week's round-up

Politics Brexit essentials: this week's round-up

2m Alia Shoaib, Reporter
Less than a third of UK businesses have made formal Brexit plans

Politics Less than a third of UK businesses have made formal Brexit plans

3m Alia Shoaib, Reporter
Nicky Morgan elected Chair of the Treasury Committee

Politics Nicky Morgan elected Chair of the Treasury Committee

3m Alia Shoaib, Reporter
Government publishes post-Brexit customs arrangements policy paper

Politics Government publishes post-Brexit customs arrangements policy paper

2m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

3m Emma Smith, Managing Editor
Increased government spending partly offset by high tax revenue

Governance Increased government spending partly offset by high tax revenue

3m Alia Shoaib, Reporter