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Interest Rates Stay at Record Low

British PoundsThe BBC has released information today about UK interest rates – and they are to remain at their record low of 0.5%.

The BBC says:

“The decision by the Bank’s Monetary Policy Committee (MPC) comes more than six years after the record low was introduced. 

The half-dozen years of ultra-low interest rates have cut savings’ returns, while mortgage borrowers have benefited from lower repayments.

Ultra-low inflation, which turned negative in April at -0.1%, has put on hold expectations about the Bank raising rates in 2015.”

Read the full story here. Panama . Brinbestsappkepin

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