Interest rates rise - base rate at 5.25% or 'Taken by surprise by the Old Lady of Threadneedle Stree - Details
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| Title: | Interest rates rise - base rate at 5.25% or 'Taken by surprise by the Old Lady of Threadneedle Stree - http://www.moneyextra.com/features/feature-interest-rates-026388.html |
| Description: | The Bank of England's base rate now stands at 5.25%, its highest level since May 2001, having risen by a total of 0.75% and on three occasions in the last six months. Why? Simple, really, the Bank's target measure, the CPI measure at 2.7% shows inflation at its highest level since December 1995 and is outside the Monetary Policy Committee's target comfort zone of 2% plus or minus 0.5%. |
| Date Added: | January 12, 2007 12:00:00 AM |
| Number Hits: | 0 |