base rate

What made financial headlines over the weekend?

The Bank of England won't be pressured into hiking the base rate quickly because inflation is likely to remain relatively low, according to economist David Miles.

The Bank of England (BoE) has elected to hold the base rate at 0.5% and maintain the size of its quantitative easing (QE) programme at £375bn.

Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.

Capital Economics has predicted the UK's base rate could be cut imminently after the latest minutes from the Monetary Policy Committee (MPC) showed members were considering further stimulus measures.

The Bank of England's Monetary Policy Committee (MPC) has voted to hold the interest rate at 0.5%.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.

The Bank of England has kept interest rates at their record low level of 0.5% following the latest meeting of the Monetary Policy Committee (MPC).

One of the Bank of England's (BoE's) senior policymakers has hinted a further round of quantitative easing (QE) remains an option for the UK's central bank.

Variable rate mortgage lenders are failing to pass on cuts in the base rate to customers, meaning some will face "real financial difficulty" when rates climb again, research suggests.