Base rate stays put |
The Bank of England has kept the base rate at 5.25% this month. The rate has stayed at this amount for two months now, having last been changed from 5% to 5.25% on 11th January.
This is good news for mortgage holders for the moment, but with inflation still at 2.7%, well above the 2% target, many are expecting a rise to 5.5% in the not too distant future.
The recent fall in share prices would have meant a change in the base rate could have been quite risky this month. If things are a little clearer and more stable next month though, we could see a rise to 5.5%.
