Interest rate decision announced by Bank of England
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Interest rate decision announced by Bank of England
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The Bank of England has held the base interest rate at 3.75%.
It's a move that was widely expected by markets, particularly after inflation figures released yesterday showed a rise from 2.9% to 3.1% in the year to August.
The Bank has chosen to hold despite a big moment in the US last night, where the Federal Reserve announced its first rate hike in three years.
Follow for what it means for you and your money ➡️ https://news.sky.com/story/money-live-consumer-personal-finance-interest-rate-mortgages-savings-careers-jobs-tips-sky-news-latest-13040934
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It's a move that was widely expected by markets, particularly after inflation figures released yesterday showed a rise from 2.9% to 3.1% in the year to August.
The Bank has chosen to hold despite a big moment in the US last night, where the Federal Reserve announced its first rate hike in three years.
Follow for what it means for you and your money ➡️ https://news.sky.com/story/money-live-consumer-personal-finance-interest-rate-mortgages-savings-careers-jobs-tips-sky-news-latest-13040934
#UK #UKEconomy #BankOfEngland #InterestRates #Finance #Money #SkyNews #Live #SkyNewsLive #BreakingNews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on X: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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