Bank Of England Retains UK's Rate Of Interest.

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Thursday, September 23rd, 2021 1:14pm

By Ciara Plunkett @plunkettciara

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Stock image: Shutterstock

Its a record low.

The Bank of England has - as expected - kept the base rate of interest on hold, and warned of rising inflation to come. 

Higher food and fuel prices have hit household bills.

The nine members of the bank's monetary policy committee voted unanimously to keep the rate at its record low.

Bank of England ramps up warning on inflation hit but takes no action to help cool prices https://t.co/v1tYU07Emp

— Sky News (@SkyNews) September 23, 2021

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