Bank of England holds rates at 5.75% for now

The Bank of England as expected left its key interest rate steady at 5.75 percent on Mar 8, declining to cut rates despite a deteriorating global economic outlook.

The decision came a day after Chancellor of the Exchequer Gordon Brown delivered the government's annual budget, which cut taxes modestly and delivered small further increases in public spending.

The central bank's nine-member Monetary Policy Committee shaved interest rates in Feb 2001 for the first time in almost two years, followin

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: