In the News
Ten Years on from the last UK Interest Rate Rise
5th July 2017
It is now a decade since the Bank of England last raised their policy interest rate but a decade on from that decision, the UK and global economy is in a very different place. According to Chris Giles from the FT, even small rate rises from 0.25% to 0.5% might have a significant impact - key to this view is the staggeringly high level of household debt.
5 July, 2007. On this day exactly 10 years ago was the last time the Bank of England raised interest rates, to 5.75% from 5.5%. pic.twitter.com/9D83szt9s8
— Jamie McGeever (@ReutersJamie) July 5, 2017
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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