The Bank of England’s Monetary Policy Committee has voted to keep base rate at 0.5% this month, marking the one-year anniversary of record low interest rates. The MPC has also decided not to extend its quantitative easing programme beyond the £200bn it has already spent on buying up assets to boost the economy.
Minutes published...
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Bank of England Base Rate Update
You may be aware that the Bank of England today decided to maintain the Base Rate at 0.5% for the 11th consecutive month. Mortgage rates have also remained stable over the initial 5 weeks of the year with a slight reduction in Fixed Rates, as lenders try and temp...
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Base Rate Update:-
The UK base rate remains at 0.5% for the eleventh month running. Although there are signs that inflation is starting to increase in combination with the increase in the rate of VAT, there are no indications that the Bank of England is planning to reverse its low-rate policy.
Recession:-
The...
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