Base rate stays at 0.5% again

The Bank of England has decided to keep the base rate at 0.5% for the 10th month in a row. The rate is still at its record low, and commentators do not expect the rate to increase any time soon. Mortgage deals are of course rather higher than this base rate, with fixed rate deals at about 4% and even then, only for those with 30 or 40% deposits. Base rate trackers are better with rates dropping to around 2.5%.

This entry was posted on Thursday, January 7th, 2010 at 3:11 pm and is filed under Interest Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.