When is the bank base interest rate announced?

My impression is that the announcement is made on Thursday in the second week of a month.

But last November, the rate was announced on 4th, which is actually the first week. :(

Update:

For the past 2 months, the announcement was made on 10th of Feb, Mar, both of which in the second week.

1 Answer

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  • pete h
    Lv 5
    10 years ago
    Favourite answer

    The base rate announcement is made after the meeting of the MPC,except in special cicumstances, (such as dramatic and unforeseen world economic events) this will be the first week of the month.

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