Bank of England Holds Rates at Record Low

April 9, 2015 Share Print 0

UK interest rates have been held at 0.5% for another month by the Bank of England.
The decision by the Monetary Policy Committee comes more than six years after the record low was introduced.

The half-dozen years of ultra-low interest rates have cut returns on savings, while mortgage borrowers have reaped the benefits of lower repayments.

Rates have been at a record low for the entire Coalition government period.

Expectations of a rise any time this year have been put on hold with Consumer Price Index (CPI) inflation at zero.

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.