May 06 BoE Interest rate meeting |
The Bank of England voted today to keep its interest rate fixed at 4.5%. It has been held constant at 4.5% for 9 months now. The decision was generally expected with little to suggest a move in either direction.
However, with the property market improving, manufacturing seeing an improvement, and energy prices putting pressure on inflation levels, some are predicting an increase before too long - so the interest rate on fixed rate mortgages may start to increase soon.