Powered by MOMENTUM MEDIA
the adviser logo
Lender

Bank of England holds on rates

by Staff Reporter7 minute read
The Adviser

The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the slowing of the domestic economy.

The decision to hold rates, according to a cross section of UK economists, will give the bank more time to assess the impact of December’s rate cut; moreover, economists  are predicting a possible cut on the cards for next month.

 

default
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more