Bank of England holds key rate steady

The Bank of England maintained interest rates at 3.5% on Thursday, as widely expected.

Source: Associated Press

The Bank of England held its key interest rate steady as expected at 3.50 percent Thursday, its lowest level for 48 years.

The base rate is what the Bank of England charges on loans to commercial lenders and is viewed as a benchmark for loans to companies and individuals. In July, the bank cut its rate from 3.75 percent in an effort to revive flagging exports and retail spending.

The l

To continue reading...

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 indvidual account here: