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“Bank of England leaves rates unchanged on back of weak data”

May 12, 2018 | Interest rates

Tags: Bank of England, Finance, United Kingdom
An independent (financial adviser’s) view

Good news or bad news, depending on whether you have a mortgage or money in the bank, is that interest rates haven’t, after all, gone up. As our economy slows still further a rate rise could be the final set of buffers for a fast-decelerating train. You may have noticed some hefty price rises, however, when you last filled your car with petrol or filthy diesel, which will push up inflation and will no doubt mean we have the whole ‘rates will have to rise’ palaver again next month.

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