You are here: Home - News -

MPC to call for rate cut if economy worsens

by:
  • 05/09/2002
  • 0
The Monetary Policy Committee (MPC) will cut interest rates if the economy worsens. According to the...

The Monetary Policy Committee (MPC) will cut interest rates if the economy worsens. According to the minutes of the last meeting, the deputy governor of the Bank of England did not call for a rate increase for the first time in three months.

The committee was actively discussing cutting the rate, although it was unanimous in its opinion to leave the rates as they are for now, due to a stock market rally and increased Government spending. The minutes gave three arguments for a possible cut: the low inflation rate, the risk there will be deflation internationally and the delicate state of the global economic recovery.


Tags

There are 0 Comment(s)

You may also be interested in

  • My week on Twitter 🎉: 58 Mentions, 68.8K Mention Reach, 97 Likes, 31 Retweets, 45.3K Retweet Reach. See yours with… https://t.co/tNg0C9TSQ7
  • Congratulations to our finalists for Broker: Rising Star – Distributor - James Berry from Moneysprite, Ali Khan fro… https://t.co/y8UyT0CbMH
  • Our finalists for the #BMA2019 Lender: Business Development category are Nathan Bridgeman from Nationwide Building… https://t.co/rs9FuEIQhh

Read previous post:
Flexible deals help 25% of borrowers overpay

A quarter of those with flexible mortgages are either overpaying by 100%, or adding lump sums to red...

Close