Bank of England keeps rate at 3.75%; inflation 2.8% but energy prices remain volatile

Bank of England keeps rate at 3.75%; inflation 2.8% but energy prices remain volatile

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4% during the MPC meeting on June 18.

What Does Rising Unemployment Mean For The UK's Tech Talent?

The Bank of England has decided to keep the base rate at 3.75% this week in a 7 to 2 vote, which was expected. Inflation is above the Bank’s 2% target and is expected to reach at least 4% later this year, according to analysis from Plum founder and CEO Victor Trokoudes. Economic growth contracted 0.1% in April, and much of the discussion following the decision centred on unemployment, vacancies and hiring activity. At this point in time, there a…

Interest rates hold at 3.75% - industry reaction - Credit Connect

The Bank of England has held interest rates at 3.75% after a deal between the US and Iran pushed oil prices down and reduced inflationary risks to the UK