Bank of England keeps rates at 5.5%

The Bank of England has opted to hold interest rates at 5.5%. The Bank's Monetary Policy Committ...

The Bank of England has opted to hold interest rates at 5.5%. The Bank’s Monetary Policy Committee (MPC) said rates would remain the same, leading many investors to anticipate a cut in the cost of borrowing in February. Swip’s chief economist Richard Dingwall-Smith said: “The Bank of England's decision to leave its Bank Rate at 5.5% was expected by most economists, albeit markets had talked themselves into a belief that a January cut was a strong possibility. “The decision to delay a rate cut looks sensible. Overall financial conditions have eased substantially over the last month as ...