Bank holds rate at 0.5 % but summer rise possible

The Bank of England Monetary Policy Committee has voted 6-3 to maintain the Base Rate at 0.5% this month.


Bank panel rejects interest rate rise to 0.5%

Two members of the The Bank of England’s Monetary Policy Committee rebelled against the move to keep the Bank Rate at 0.25%, it emerged today.


Financial Planner: Devastating effect on annuities means very gloomy future

The future for annuities looks ‘very gloomy’, with recent events having a ‘devastating’ impact, a Financial Planner says.


Rate cut to crank up pressure on pension schemes, body fears

A pensions body has expressed fears that the Bank of England’s cut to interest rates will only increase pressure on pension schemes.

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