MSE News
Base rate held at 0.5% again
9 June 2011

Some economists predicted there would be a hike during the spring though over the past few weeks that view has diminished. Many now expect an autumn rise, if at all this year.
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Three members of the Bank's Monetary Policy Committee (MPC) have previously voted for a rise to help curb high inflation but this has not been enough to force a hike.
The low interest rate environment has meant millions of homeowners are paying relatively cheap mortgage payments but savers have suffered due to the low returns on offer since 2008.
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