Article 4B5D UK interest rates mark six-year anniversary at record low

UK interest rates mark six-year anniversary at record low

by
Angela Monaghan
from on (#4B5D)

The Bank of England cut interest rates to all-time low of 0.5% in 2009 in an emergency response to the global financial crisis

UK interest rates have been on hold at an all-time low of 0.5% for six years after Bank of England policymakers voted for no change at their March meeting.

It was at their March 2009 meeting that the Bank's monetary policy committee decided emergency measures were required to address extreme circumstances.

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