Posts Tagged ‘bank of england’
Competition in mortgage market may drive rates lower.
Last week the Bank of England’s Monetary Policy Committee voted unanimously to keep its monetary policy on hold, maintaining interest rates at 0.25 per cent. The MPC stated, however, that rates could be cut again in the coming months even though the economic impact of the Brexit vote has been less significant than previously expected.…
Read MoreInterest Rate unchanged at 0.25%
Bank of England Interest rate decision. Remains at unchanged 0.25% All 9 members of the Monetary Policy Committee voted in favour to keep interest rate on hold at 0.25% Bank of England Asset Purchase facility. Remains at £435B
Read MoreTwo dates for the diary in September
The New Fiver will be issued on 13 September. Next Interest Rate decision from the Bank of England is due on the 15th September along with Quantitative Easing Asset Purchase Programme. Current Bank Rate 0.25%. Mortgage experts say the recent base rate cut to 0.25% offers an extra incentive to anyone considering moving, as rates…
Read MoreHouse Price Growth continues to slow in July
Results from the RICS Residential Market Survey released today 11th August for July headlines ‘House price growth runs out of steam for now’. The survey shows that house price growth continued to slow in the UK in July while key indicators covering price expectations, buyer enquiries, agreed sales and new instructions all remained firmly negative.…
Read MoreBrexit means Brexit
Several weeks ago, we heard the UK was leaving the EU and what happened… panic set in. Whilst one half of the UK were revelling in their success, the other half were going in to meltdown. The stock exchange was all over the place, Sterling fell off a cliff, political resignations went around like wildfire…
Read MoreBank of England decides to cut rates
The Bank of England Monetary Policy Committee voted today in favour of a rate cut of 0.25% to a new historic low of 0.25%. The Bank of England Asset purchase facility has been increased to £435B.
Read MoreInterest rate cut expected later this morning from BoE.
The Bank of England (BoE) is expected to cut the base rate later today, experts see it as a ‘foregone conclusion’ that the Monetary Policy Committee will vote in favour at their monthly meeting. The UK’s dominant services sector saw its sharpest fall in seven years according to the Markit/CIPS PMI released yesterday, this followed…
Read MoreInterest rate cut expected this Thursday
This week the Bank of England (BoE) is expected to cut interest rates for the first time in seven years, a cut was expected just over two weeks ago which failed to materialize. The monetary policy committee decided it was too quick to take such action so soon after the vote for Brexit, however this …
Read MoreMany homeowners think that house prices are falling.
Many expected the bank base rate to be cut earlier this month due to apprehension over the Brexit decision, this did not happen to the surprise of most. The MPC in their July meeting suggested that the committee is considering a broader package of measures, this has given rise to the expectation by financial markets…
Read MorePound recovers however still uncertainty.
The pound sterling rate against the dollar had its best week since 2009, this came about after the appointment of Theresa May as Prime Minister, this helped settle everyones concerns at having no real leadership in the country, it returned a sense of political stability in the UK. Another factor was that last Thursday the…
Read MoreBank of England keeps interest rates on hold
The Bank of England (BoE) yesterday announced that the interest rate was to remain at 0.5%, they voted by a majority of 8-1 to maintain the present Base Rate. This was the the first meeting of the Bank of England’s Monetary Policy Committee (MPC) following the UK’s momentous Brexit decision, it was also the first…
Read MoreInterest rate cut expected
According to most recent press reports the majority of experts expect an interest rate cut today following the meeting by the Bank of England (BoE) policy committee. It is also expected that the (BoE) may also restart quantitative easing, in addition to or instead of a rate cut. An interest rate cut of 0.25% would…
Read MorePossible cut to UK interest rates next week.
Analysts are expecting lower interest rates to come as early as next week, a new low of 0.25% can now be expected in an attempt to boost a flagging economy post “Brexit”. In the immediate wake of the referendum result last week, Governor of The Bank of England, Mark Carney has hinted at further stimulus…
Read MoreProperty funds suffer in UK while banks suffer in Europe
The Bank of England governor, Mark Carney, has given UK banks the green light to lend an extra £150bn to households and businesses, he warns that the Bank of England cannot offset the full impact of the Brexit vote. Investors in Standard Life’s property funds have been told that they cannot withdraw their money, after…
Read MorePound drops further following speech.
Mark Carney in his Bank of England (BoE) speech yesterday said that following the Brexit vote there probably would be need for ‘some monetary policy easing”, this had an immediate effect on the pound sterling which fell again against major currencies. Carney in his speech to business leaders reportedly said “In my view, and I…
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