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Base rate remains the same despite European cut

The Bank of England has kept interest rates unchanged at a record low of 0.5%, for the 50th consecutive month. The Bank’s Monetary Policy Committee has also, in a move widely anticipated by markets, kept quantitative easing on hold at £375 billion. This came despite further monetary easing in the Eurozone last week, in the form of an interest rate cut from 0.75% to 0.5%.
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It’s hard to know what is round the corner. That’s why Knight Frank Finance can help you protect the things that matter – including your family, their lifestyle and wealth if something happens to you or your partner.

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