Interest rate decision unanimous - minutes reveal

Page last updated Monday, 27 April 2009

Minutes show that all nine members of the The Bank of England's rate-setting committee voted to cut interest rates to 0.5% from 1% in March.

The committe also agreed unanimously to generate £75bn of new money - known as quantitative easing.

You can view minutes here

Quantitative easing explained in simple terms here

Official Bank Rate history - All rate changes since 1694 until present date here

DebtWizard Comment

A unanimous decision suggests that interest rates will not be going up in April.

My concern will be that because of quantitave easing inflation could take hold towards the end of the year and one way to combat this will be to put interest rates up.


Speak your mind





Submit

Your comment will be moderated before it shows up.
Log in and comment to see your post appear instantaneously

There are no comments posted yet.


busy

Rapid Debt Help Form

For no nonsense advice just submit the short form and Mike or one of his team will get back to you.

Continue

The Big List of News

If you're looking for older news from DebtWizard try searching above or viewing The Big List of News!

Mike Thomas aka the 'DebtWizard' helps individuals overcome their debt problems.

Mike writes all the articles found on this site.