What time the Bank of England will announce the new interest rate
manchestereveningnews.co.ukThe Bank of England (BoE) will announce a potential change to the Base rate later today (March 21). The latest figures, which will be taken into consideration in today's Monetary Policy Committee (MPC) meeting, shows that inflation dropped a little faster than expected in February.
Overall, it hit 3.4 per cent - its lowest level for two and a half years. For the Bank, this is good news and may consider a shift on the committee to begin dropping rates.
Today, the Bank will announce the new interest rate following a meeting which will presumably take place in the morning. Read more: Experts say 'positive news' as they give verdict on what inflation drop will mean for homeowners Previously, decisions have typically been announced from 12pm, therefore, we can expect the new interest rate to be announced anytime around midday.
While the latest inflation rates have signalled a positive turn for the economy, experts generally agree that rates will not be cut today.
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