Interest Rates Held Again

The Bank of England has held interest rates at 0.5% again, extending the record breaking run to 22 months on the same base rates. This sounds excellent news for borrowers, but is it? Banks have been pulling the best rates for a few months now anticipating that the base rate will rise, which it is [...]

Might we see a spring rate rise?

Economic data from the building industry has surprise watchers by showing a stronger performance than expected in December, showing that the economy is growing, rather than ailing as was thought. On the back of this the Pound is up against both the Dollar and the Euro, showing that the money markets are expecting a rise [...]

You Could Have Another 9 Months Of Low Mortgage Rates

A Reuters survey of 62 economists suggested that the current record low base rate, that has been with us for 22 months, could be here to stay until at least the last quarter of 2011. The survey showed that 30% of those polled predict that interest rates could rise by June, but the feeling is [...]

Homeowners rushing to grab remortgage deals

With the base rate having been stuck on 0.5% since March 2009, it came as no real surprise that two thirds of mortgage holders (8 million) where on their bank’s standard variable rate product. But figures are now showing a massive shift in the market as homeowners rush to find better long term deals. In [...]

Will Interest Rates Have Doubled In A Couple Of Days?

With the pre-Christmas reports that base rates could quickly be heading towards the 5% mark, it is possible that we might see the first of these rises in as little as 48 hours. With the Bank of England’s Monetary Policy Committee having to drag down inflation, which did not fall below 3% in 2010, to [...]

Base Rates Could Be 5% Soon

Reports earlier in the week by the CBI that base rates could slowly rise to 2.75% over the next 24 months seem to have underestimated the situation drastically. Comments by Paul Fisher (who is the executive director of markets and a member of the Bank of England’s rate setting Monetary Policy Committee) indicate that there [...]

Are you ready for an interest rate rise?

Base rates have been at an historic 0.5% in the UK for a very long time, but no-one ever expected them to remain that low forever. And the Confederation of British Industry (Britain’s leading business organisation) has warned that it expects rates to go up pretty soon. The Confederation of British Industry (CBI) is expecting [...]

Base Rates Held Again…

The Bank of England’s Monetary Policy Committee has announced that base rates will be held at 0.5% for the 19th month and that their program of Quantitative Easing will not be extended. Earlier in the day the Pound had fallen to a 5-month low against the Euro on fears of an extension of the program [...]

Interest Rate Remains Unchanged

It was not exactly a surprise that today the Bank of England chose to keep interest rates at their record low for yet another month. For the 17th month in a row, the UK has a record low base rate of 0.5%. It is expected that Andrew Sentance will have been the only member of [...]



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