tutor2u | Bank of England comes close to raising interest rates

In the News

Bank of England comes close to raising interest rates

Geoff Riley

15th June 2017

The MPC voted 5-3 to keep policy rates at 0.25% at the June meeting of the Monetary Policy Committee. CPI inflation has jumped to 2.9% and many economists expect it to climb above 3% in the months ahead as the effects of a weaker exchange rate feed through directly to prices. The pound jumped on news that the UK interest rate cycle may (finally) be beginning to turn.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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