Now, the central bank's benchmark interestrate sits at a range of 4.50% to 4.75%. If Federal Reserve officials "stick to the forecasts they submitted at September's monetary policy meeting ...
The base rate was cut to 4.75 per cent from 5 per cent by a vote of 8 to 1 at the Monetary Policy Committee. The Bank expects base rate to end next year at about 3.7 per cent. The decision comes ...