Bank of England defies expected rate cut: what it means for savers and borrowers

Tom Wilson

The Bank of England’s monetary policy committee has decided to hold the base rate at its record low of 0.5%, despite widespread market anticipation of a rate cut.

The Bank of England’s monetary policy committee has decided to hold the base rate at its record low of 0.5%, despite widespread market anticipation of a rate cut.

Eight of the nine panel members voted to hold the Bank of England’s base rate at 0.5%, with one member voting to cut rates to 0.25%.

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Source Moneywise http://ift.tt/29SdCsP