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Bank of England votes for NO CHANGE

Jim Riley

8th July 2010

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Members of the MPC voted today for the interest rate to remain at 0.5% and quantitative easing to remain at £200 billion. This is the 16th consecutive month that interest rates have remain unchanged in the UK, this is despite calls for an increase due to inflationary pressures in the economy. The Consumer Prices Index (CPI) hit a 17-month high of 3.7% in April. It fell back to 3.4% in May but remains well above the Bank’s 2% target.

Read the BBC article here

Read the Reuters article here

Read the Financial times article here

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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