Interest rates on hold
The Bank of England has kept interest rates on hold again today, at their historic low of 0.5%.
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The Bank of England has kept interest rates on hold again today, at their historic low of 0.5%.
The latest price inflation figures show a leap in the rate of the Consumer Prices Index (CPI) to 3.7% in the year to December 2010.
The influential Ernst & Young Item Club has suggested that the Bank of England keeps interest rates low in order to maintain economic recovery.
The latest price inflation figures for the year to November 2010 show the Consumer Prices Index (CPI) increasing to 3.3%, from 3.2% the previous month.
The UK Bank Rate has remained on hold at 0.5% following the latest announcement from the Bank of England Monetary Policy Committee (MPC) today.
The Consumer Prices Index (CPI) measure of price inflation for the year to October 2010 shows a small rise from 3.1% to 3.2%.
A new measure of price inflation for older people, called Silver RPI, has been launched today by Age UK Enterprises.
The latest inflation figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) measure of price inflation remaining at 3.1%.
Informed Choice chartered financial planner Martin Bamford was quoted in the Independent on Sunday today, in an article looking at how savers can cope with rising inflation.
Informed Choice managing director Martin attended a presentation by the Bank of England this evening. Here are his notes from the meeting.
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