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05/04/2007
Interest rates kept on hold
The Bank of England has voted to keep interest rates at 5.25% for the second month in a row.
The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month.
If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
However, it is feared that another interest rate rise may be on the cards in May.
CPI inflation dropped from 3% to 2.7% in January, but rose to 2.8% again in February. The government's target is 2%.
The interest rate has risen three times since last August.
(KMcA)
The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month.
If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
However, it is feared that another interest rate rise may be on the cards in May.
CPI inflation dropped from 3% to 2.7% in January, but rose to 2.8% again in February. The government's target is 2%.
The interest rate has risen three times since last August.
(KMcA)
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09 June 2005
Interest rates remain at 4.75%
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.
Interest rates remain at 4.75%
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.
16 January 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
08 September 2005
Interest rates remain on hold at 4.5%
The Bank of England has left interest rates unchanged at 4.5%, as expected by many analysts. Last month, the Bank’s Monetary Policy Committee (MPC) reduced interest rates from 4.75% to 4.5%, amid fears of a slowdown in economic growth and a slump in consumer spending.
Interest rates remain on hold at 4.5%
The Bank of England has left interest rates unchanged at 4.5%, as expected by many analysts. Last month, the Bank’s Monetary Policy Committee (MPC) reduced interest rates from 4.75% to 4.5%, amid fears of a slowdown in economic growth and a slump in consumer spending.
11 January 2007
Interest rates rise to 5.25%
The Bank of England has announced a shock rise in interest rates, increasing them from 5% to 5.25% - the third rise since last August. Many experts had expected interest rates to remain on hold this month. However, the Bank's Monetary Policy Committee voted to increase interest rates in a bid to tackle rising inflation.
Interest rates rise to 5.25%
The Bank of England has announced a shock rise in interest rates, increasing them from 5% to 5.25% - the third rise since last August. Many experts had expected interest rates to remain on hold this month. However, the Bank's Monetary Policy Committee voted to increase interest rates in a bid to tackle rising inflation.
04 September 2003
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.
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.
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