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UK bank interest

Is the Bank of England ready to increase base rates?

As we look towards the next Monetary Policy Committee (MPC) meeting, scheduled for 21st September, money markets are primed for an increase in base rates. Yesterday’s Treasury Committee meeting, in which MPC members were grilled on their strategy for interest rates, offered an interesting insight into the current situation. Is the Bank of England on …

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Do ECB interest rates influence the UK?

A rise in ECB interest rates can have a transitional impact on the UK despite the UK having left the EU banking system. The governing council’s recent interest rate hike increased the MRO, marginal lending, and deposit interest rates to 4.25%,4.50%, and 3.75%, respectively.