Mixed interest rate outlook from the Bank of England


This 551-word blog post shares the latest interest rate decision from the Bank of England for May 2019, along with its updated forecast for economic growth and house prices. Written on 2nd May 2019.

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Article preview: You might be forgiven for thinking it was another uneventful interest rate decision from the Bank of England. Their Monetary Policy Committee voted unanimously at the start of May to keep interest rates on hold at 0.75%. Interest rates have been at this level since last August when the Bank raised them from 0.5%. With continued Brexit uncertainty, maintained by the recently granted six-month extension to Article 50, it would have been a big surprise to see any other course of action on interest rates this month.