Bank Interest Rate Decision Today

The Bank England will today announce if Interest Rates are to go up, down or stay the same.

With rates currently at 2%, the Bank’s Monetary Policy Committee is tipped to announce a reduction of between 0.5 and one percentage point.

A Mortgage Industry Shadow Monetary Policy Committee, has voted for a 1% cut in the Bank of England base rate, which would bring the rate to the lowest it has ever been since the Bank was established 314 years ago.