- News Home
- UK
- World
- Society
- Politics
- Business & Money
- Science & Technology
- Sport
- Arts & Entertainment
- Weather
Interest rates stay at 5 per cent
Interest rates stay at 5 per cent
Last Modified: 05 Jun 2008
By:
Faisal Islam
The Bank of England resists calls to reduce interest rates, holding them at 5 per cent for the second month in a row.
Today's decision to keep interest rates on hold suggests that controlling inflation is at the top of the Bank of England's agenda.
But it is bad news for homeowners, who are seeing the value of their property falling as the cost of fuel and food rises.
Share this article
After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.
Credit crunch »
Credit crunch in the News
Credit crunch in Current Affairs
-
Watch again »
There's now an easier way to watch Channel 4 News when you want to.
-
Best of US Election »
Pick of the Channel 4 News coverage. Launch the video player now.
-
It's all gold »
Watch the best coverage from Nicholas Glass and the team with our arts player. Click to play.
-
Sign up to Snowmail »
The day's news from Jon Snow and the team direct to your inbox.
-
Most watched »
Find out what's getting people clicking online this week.
-
All aTwitter? »
Start following Channel 4 News on Twitter today.
-
World of Hack »
Topical animated cartoons from artist in residence, Hack.
-
Beau Bo D'Or »
Political commentary from our blog artist Beau Bo D'Or.
