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  • Writer's pictureMartin Jones

UK interest rates have been left unchanged at 5.25% by the Bank of England.

UK interest rates have been left unchanged at 5.25% by the Bank of England.


The decision comes a day after figures revealed an unexpected slowdown in UK price rises in August.


The Bank had previously raised rates 14 times in a row to curb inflation, leading to a surge in mortgage payments but also higher savings rates.


However, the latest move raises the prospect that this cycle of rate increases may have peaked.


BoE’s Monetary Policy Committee voted by a narrow margin of 5-4 to keep its “base rate” at 5.25%.


Four members – Jon Cunliffe, Megan Greene, Jonathan Haskel and Catherine Mann – voted to raise rates to 5.5%.



Source:- Property industry eye 21st September 2023


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