MPC keeps Bank Rate unchanged

MPC keeps Bank Rate unchanged

Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%.

"UK policy rates are stuck fast. Even though inflation is higher than the Monetary Policy Committee would like, it has to take very seriously the risk that weak Q1 GDP numbers and yet more turbulence in the Eurozone could be catalysts for below target inflation, and growth, in future. With so much changing right now the Committee is waiting to see how things settle. The balance may start to swing back to the doves, but we'll find out the whole story in next week's Inflation Report."

Fionnuala Earley, UK Consumer Economist

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox