Old Lady holds rates, relaxes reserve rules

The Bank of England's Monetary Policy Committee on Thursday said it would keep its benchmark rate at 5.75%.

The rate hold was the third in a row for the Bank, since the 25 basis point hike in July due to concern over inflation. At that point, rates were expected to hit 6% before the year-end.

But the Bank now has a very different set of problems to deal with, coming under a great deal of strain for its perceived role in the Northern Rock affair, which led to the first run on a UK bank since the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account