As widely expected the Bank of England left UK interest rates on hold at 5.50%. The previous change in Bank Rate was an increase of 0.25 percentage points to 5.5% on 10 May 2007. The Market Oracle is forecasting the next rate rise to occur in August 2007 UK Interest Rates - The next rise to 5.75% to occur in...

The decision to keep rates on hold gives the bank time to evaluate new inflation data for May and June, before taking the next anticipated decision to raise rates in August or earlier if the CPI again jumps above 3%

UK Interest Rates - The next rise to 5.75% to occur in...

The minutes of the meeting will be published at 9.30am on Wednesday 20 June.

By Nadeem Walayat
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