Posts Tagged ‘bank rate’
Bank of England announces bank rate rise to 0.75%, highest since 2009
The Bank of England yesterday announced a bank rate rise to 0.75% which is the highest since 2009. The Bank of England’s Monetary Policy Committee (MPC) at its meeting 1st August 2018 voted unanimously 9-0 to increase base rate by 0.25% to 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade…
Read MoreBank of England announces Bank Rate remains at 0.5%
The Bank of England announced on the 21st June 2018 that Bank Rate remains at 0.5%. At its meeting ending on 20 June 2018, the MPC voted by a majority of 6-3 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by…
Read MoreBank rate remains at 0.5%
The Bank of England published 10th May 2018 – Monetary Policy Committee announcement and Inflation Report. At its meeting ending on 9 May 2018, the Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond…
Read MoreBank of England announces Bank Rate remains at 0.5%
The Bank of England announced yesterday 14th December 2017 that at its meeting ending 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.50%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee…
Read MoreBank of England announces increase in Bank Rate to 0.50%
Announcement from the Bank of England today: Bank Rate increased to 0.50%. At its meeting ending on 1 November 2017, the Monetary Policy Committee voted by a majority of 7-2 to increase Bank Rate by 0.25% to 0.50%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by…
Read MoreMark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Read MoreBank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The…
Read MoreCML publish their annual review
The Council of Mortgage lenders (CML) recently published its annual member review, reporting on a busy year representing the interests of 136 firms that advance and administer 97% of the UK’s mortgages. Their report started: In a politically turbulent year, the mortgage market was open for business, and lenders remained well funded and capitalised. Lending…
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 More0.5% bank rate expected to remain until 2017
According to a Reuters poll The Bank of England (BoE) will leave British interest rates at a record low until early 2017, this is mainly down to stuttering global growth and off target inflation. The 0.5% bank rate has now not changed over the last 7 years and it is now expected according to the…
Read MoreInterest rate warning from Mark Carney
The Governor of the Bank of England Mark Carney has put out a warning that interest rates may rise soon, saying that they could rise within the next couple of months. Interest rates have remained at a record low of 0.5% since March 2009. Has the period of ultra low mortgages come to an end?…
Read More