The Bank of England will hold a meeting to decide on the base rate. Recent GDP data showed a decline in the economy. Experts predict no change in the base rate.
The Bank of England is set to announce a new interest rate decision next week. The Monetary Policy Committee will meet to determine whether the base rate will be increased or decreased. The rate affects mortgage rates and loan payback rates.
Recent GDP data showed a 0.3% decline in the British economy, worse than expected. Experts predict the base rate will remain at 5.25%.
Bank Of England Interest Rate Monetary Policy Committee GDP Mortgage Rates
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