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Have interest rates in UK been cut

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Dom Tuk | 11:24 Thu 20th Jan 2005 | Business & Finance
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Have interest rates in the UK been cut this month?? Just got a letter from Sainsburys Bank stating that they are cutting rates on their instant savings bank accounts. Why?? Did the bank of England cut rates in january
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Avatar Image Miss Zippy
No the BoE base rate hasn't gone down. At the last monetary policy committee meeting (or whatever they're called) last Thursday (13th Jan), they voted to keep the rate at 4.75%.
11:34 Thu 20th Jan 2005

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