Published Date:
06 September 2007
HOMEOWNERS, businesses and other borrowers breathed a sigh of relief today as interest rates were pegged at 5.75 per cent.
The Bank of England's Monetary Policy Committee (MPC) opted not to hike the rates any further as it remains cautious amid the current turbulence in the financial markets.
Signs that inflation has eased is also thought to have helped sway the committee, after five increases since August last year.
-
Last Updated:
06 September 2007 12:59 PM
-
Source:
Edinburgh Evening News
-
Location:
Edinburgh
-
Related Topics:
Interest rates
