Base Rate Drops to 1.5%… we’re almost there
Te Bank of England has dropped the base rate by another .5% to the lowest point in 315 years. This is also the lowest it’s been since the Bank of England inception in 1694.
As with the previous 4 decreases since October, there are mixed reactions. Steve Radley, chief economist of manufacturers’ association EEF says: “Whilst the Bank has indicated it wanted to take a measured approach to cutting rates, this is too timid to deal with the current situation”.
With the always present talk of expectations of another rate drop, some are asking: “Why wait?”
Read more:
Interest Rates Hit All Time Low - bbc.co.uk
Base Rate Drop on the Cards for January - FTAdviser
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