Posts Tagged ‘interest rate’
Interest Rate held at 0.5%
UK interest rates have been held at 0.5% again by the Bank of England’s Monetary Policy Committee (MPC). Yesterday saw for the first time the release of inflation report, policy decision and minutes on the same day. In its latest inflation report, the Bank said the outlook for inflation was “muted”, leading some economists to…
Read MoreInterest rate decision time again thursday.
Interest Rate decision time again, this thursday the Bank of England will announce whether interest rates rise or remain the same. New analysis by estate agency Hamptons suggests that a quarter-point jump in rates could add £20 a month to the average UK mortgage; but wide variations in house prices mean that would translate into…
Read MoreHouse prices rising faster than income?
According to the Centre of Economics and Business Research the affect of the shortage of homes available will cause house prices to rise faster than income this year. The CEBR see house prices this year rising by 4.7%, that is in contrast to the figures given out in March when they set the forecast at…
Read MoreInterest rates still at 0.5% after 6 years
The Bank of England Base Rate has now been at a record low of 0.5% for six years, and there is no real indication that this will change much short term. it expects inflation, as measured by the Consumer Prices Index, to head back up to the Government target of 2% by the first quarter…
Read More