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Posted on: Friday 22nd July, 2016 and filed in: Interest Rates
In a move that surprised the City of London, the Bank of England announced on 14 July that the Bank Rate would remain frozen at 0.5% – the level they have been at since March 2009 – at least for the time being. Only one member of the Bank’s nine-strong Monetary Policy Committee voted for […]
Posted on: Monday 23rd November, 2015 and filed in: Interest Rates
It’s been 5 months since Mark Carney warned that a base rate rise was ‘likely by the end of this year or early 2016.’ Well, the end of the year is almost upon us and there’s still no sign of a rise. Only last week the Monetary Policy Committee (MPC) voted by 8-1 to keep […]
Posted on: Wednesday 5th August, 2015 and filed in: Interest Rates
Last month Mark Carney warned that a base rate increase is likely towards the end of this year or very early in 2016. Although it’s expected to be a minor increase, it’s the general trend that home owners need to prepare for – it may be worth taking steps soon to get ahead of the […]
Posted on: Wednesday 24th June, 2015 and filed in: Interest Rates
The great British summertime has finally arrived, bringing with it warmer days. But as our weather and BBQs heat up, mortgage rates continue to fall. This is excellent news for borrowers who plan to spend summer searching for deals. Although a low rate may look very tempting, you may need to pay substantial fees and […]
Posted on: Thursday 19th June, 2014 and filed in: Interest Rates
The Bank of England’s governor Mark Carney recently said that there is ‘no pre-set course’ for raising the BoE rate.
