Base rate stays at 0.5% |
The Bank of England has today voted to keep the base rate at 0.5% – the rate it has been at since March 2009.
The continuing low rate has allowed mortgage holders to save £51bn.
One can only hope the length of time this low rate has lasted hasn’t lulled many into a false sense of security – with people getting complacent about taking out large mortgages due to the low rates.
