Archive for the 'Interest Rates' Category

The Bank of England has voted to leave the base rate at 5.75% for the fourth month in a row. The last change was an increase of quarter of a percentage point to 5.75% on 5 July 2007.

A cut is expected in the near future, but it was widely recognised that there is insufficient pressure to cut the base rate just yet.

The Bank of England today voted to keep the base rate at 5.75%. The move was generally expected as the Bank needs to strike a balance between keeping inflation under control but also not increasing the cost of borrowing money further following the Northern Rock crisis. It is generally expected that the next move will be downwards, and not in the too distant future.

The Bank of England today voted to keep the base rate at 5.75% – the value it was raised to in July. This is good news for borrowers, after five rate increases in the last year. However, many commentators are expecting another rate rise before the end of 2007. This is because the Consumer Price Index at 2.4% – above the government’s target of 2.0%.

The Bank of England today voted to increase the base rate by a quarter point from 5.5% to 5.75%. This will add around £16 to the monthly payment for a £100,000 mortgage that follows the base rate. Despite 5 increases in less than a year, many market analysts predict that there may be another increase in 2007.

The Bank of England has voted to leave its base rate at 5.5% in June. This is good news for mortgage holders, however commentators widely expect another rate rise this year. The base rate has risen 1% since August last year, but inflation is still strong, so another rise may be necessary.