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The Bank of England’s Monetary Policy Committee has maintained the base rate at 5.25 per cent as many industry experts predicted.
The MPC voted by a 6-3 majority to maintain the base rate at 5.25 per cent. Three members preferred to increase it by 0.25 percentage points to 5.5 per cent.
This is now the third time in a row that the base rate has been frozen, with the latest hold decision widely predicted by industry analysts and experts who suggest it has reached its peak.
If you need any help, advice or reassurance, we are here to help you. Feel free to pop into our High Street Financial Services office in Warwick House or call us on 0121 323 4999 to arrange a physical or virtual appointment.
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