No change to interest rates

No change to interest ratesIn a move which will surprise no one, the Bank of England’s Monetary Policy Committee, has decided to leave base rate unchanged at 0.5%. The vote for the status quo means that the Bank has now kept base rate at 0.5% for four years, a record in modern times. The news that interest rates will remain unchanged for yet another month, will please borrowers, particularly individuals and businesses with interest rates linked to the base rate. However, savers, who have seen interest rates ...