10 Jan, 2008
The Monetary Policy Committee has voted to freeze the Bank of
England base rate at 5.5%.
January's decision comes after MPC members voted unanimously for a
base rate cut last month, bringing interest rates down by 0.25% in
This followed a five-month rate freeze at 5.75% since July 2007.
Today's rate freeze confounds calls from some industry pundits for
the MPC to cut the base rate again in order to ease pressure on