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17/10/2014
Bank Of England Suggest Interest Rates Will Remain Low
The Bank of England's chief economist, Andrew Haldane, has said that interest rates should "remain low to avoid long-term economic stagnation".
In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks."
Mr Haldane said that because of this "interest rates could remain lower for longer, certainly than I had expected three months ago."
UK interest rates had been predicted to rise early next year.
(MH/CD)
In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks."
Mr Haldane said that because of this "interest rates could remain lower for longer, certainly than I had expected three months ago."
UK interest rates had been predicted to rise early next year.
(MH/CD)
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The Monetary Policy Committee for the Bank of England has left UK interest rates unchanged for the tenth month in a row. The decision to keep the interest rate at running, at 4.75% follows further uncertainty in the economy. Figures published today revealed that while there was slight monthly increase, 0.
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14 August 2009
UK Repossession Level Falls
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The number of mortgage repossessions fell in the second quarter of the year, while cases of arrears levelled off, according the latest figures published today by the Council of Mortgage Lenders (CML). A combination of factors has helped keep mortgage arrears and possessions in check, despite the recession.
11 August 2009
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Lending for house purchase and remortgaging both increased in June, according to lenders. New data from the Council of Mortgage Lenders shows further signs of stabilisation in the mortgage market, but transactions are still weak on a historic basis. There were 45,000 house purchase loans, worth £5.9 bn, up 23% from 36,500 loans in May.
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Interest rates stick at 3.5%
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Interest rates stick at 3.5%
The Bank of England’s Monetary Policy Committee has announced that the UK interest rate will be held at 3.5%. Many leading economists consider that the interest rate may have reached its lowest point, particularly as there are early signs of an economic recovery.
04 June 2015
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
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