The Financial Blog

The Bank of England today announced their decision to keep the base rate at 5.5 per cent. This was dispite a downturn in Christmas retail spending and will not please retailers who were hoping for a cut in the base rate to encourage high street spending.

The main concearn for The bank of England is probably how the base rate will affect inflation. Therefore we may be forced to wait until February, when the inflation report is released, before the Bank of England commit to a cut in interest rates.

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This entry was posted on Thursday, January 10th, 2008 at 5:29 pm and is filed under Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.