Interest Rate Held

Our take

Interest rates continue to play a key role in the financial decisions of businesses and households. While the Bank of England has recently held the bank rate at 3.75%, borrowing costs remain significantly higher than in previous years. For business owners it is a good time to review cash flow and future investment plans. It is worth keeping up to date with interest rates as it can help you make informed decisions and plan with confidence.

www.bankofengland.co.uk

Interest rates and Bank Rate: our latest decision

Bank Rate affects other interest rates in the economy – we use this as a tool to keep inflation stable

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