Interest rates held at 0.25%

Ryan Fowler

September 15, 2016

bank of england 3

The Bank of England has voted to leave interest rates at 0.25% for a second month running.

It has also left its quantitative easing programme unchanged, at £435bn.

The decisions were unanimous with the MPC voting 9-0.

Housing market open for business after Brexit

The hold was widely anticipated however a further cut is expected by November.

A Reuters poll released earlier today found that a majority of economists believe the rate will be cut to just 0.1% in two month’s time.