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%.
