You are here: Home - Uncategorized -

Rates to stay on hold

Written by:

The Bank of England is widely expected to keep Bank Base Rate on hold at 4.5% this week, as economic growth is returning to trend and the housing market shows sign of a healthy recover.

Although many experts had previously suggested  February as the date of the next cut in rates, recent data have suggested that the economy may be strengthening fast enough without the need for cheaper credit.

Governor of the Bank of England, Mervyn King, described economic growth as at “something close to its sustainable rate” last week, adding that inflation “is exactly on target”.

All  45 analysts surveyed last week by Reuters agreed that rates will remain static this month.


Tag Box




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

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

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.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

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...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Economy to grow

The UK economy is on course to grow throughout 2006, according to a report that will strengthen the consensus view...