You are here: Home - Saving & Banking - News -

Interest rates could rise again this week

0
Written by:
04/09/2006

Three members of the “shadow” monetary policy committee believe the Bank of England should raise the Ban Base Rate again this week, from 4.75% to 5%.

The shadow MPC, which meets under the auspices of the Institute of Economic Affairs, anticipated last month’s increase, which took the City by surprise.

It voted 5-4 for a rise in rates ahead of that increase from 4.5% to 4.75%. The last time it voted for a change – a cut – came ahead of the Bank’s reduction in rates in August last year.

The revelation that three of its nine members support successive rate increases, and three more are in favour of tightening monetary policy, may increase wider expectations of a rate rise announcement on Thursday.
 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Motorists driven to their cars

Nearly 50% of drivers – 15 million – have said that they could not substitute any of their car journeys...

Close