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News Archive - Interest Rates News
The Bank of England's Monetary Policy Committee (MPC) has cut the base rate of interest by 0.25 percentage points.Members of the MPC opted to bring th...
Published: 07/02/2008
Base rate expected to rise again
Despite the Bank of England's Monetary Policy Committee (MPC) cutting the base rate of interest today (February 7th), most consumers feel rates will b...
Published: 07/02/2008
Rate cut can help reduce mortgage term
Mortgage borrowers can use today's (February 7th) cut to the base rate of interest to reduce the term on their mortgages.That is according to Moneyfac...
Published: 07/02/2008
Analysts predict base rate cut
It is widely expected that the base rate of interest will be cut next week.The Bank of England's Monetary Policy Committee (MPC) is due to meet on Feb...
Published: 01/02/2008
MPC voted strongly against January rate cut
The Bank of England's Monetary Policy Committee (MPC) voted 8-1 in favour of holding the base rate of interest in January.That fact has been revealed ...
Published: 23/01/2008
February rate cut hinted at by MPC member
There is fresh momentum behind the case for a cut to the base rate of interest in February.Bank of England deputy governor and Monetary Policy Committ...
Published: 18/01/2008
Mortgage costs up despite rate cut
Last month's rate cut by the Bank of England did not lead to the benefits some mortgage borrowers may have been hoping for, it has emerged.Research by...
Published: 16/01/2008
CPI figure fuels Feb interest rate speculation
Hopes of a cut to the base rate of interest next month are growing following the publication of the latest consumer price inflation (CPI) figure.The B...
Published: 15/01/2008
Base rate is frozen
Interest rates have been held at 5.5 per cent but mortgage borrowers may be in for a bumper reduction in February.Today's (January 10th) decision was ...
Published: 10/01/2008
Base rate cut may not be passed on
Even if the Bank of England's Monetary Policy Committee (MPC) chooses to cut the base rate of interest today (January 10th) mortgage holders may not s...
Published: 10/01/2008
Base rate decision has industry split
Tomorrow's (January 10th) decision on the base rate of interest is hanging in the balance and has divided opinion among analysts.The Bank of England's...
Published: 09/01/2008
Base rate set to fall sharply
The base rate of interest will plunge to 4.75 per cent by the end of 2008, according to one expert.Howard Archer from Global Insight believes that the...
Published: 20/12/2007
Favourable inflation figure may lead to rate cut
The Bank of England may cut the base rate of interest early in 2008 after it was revealed that consumer price inflation stabilised in November.Figures...
Published: 18/12/2007
Borrowers boosted as Bank cuts base rate
The Bank of England's Monetary Policy Committee (MPC) has cut the base rate of interest for the first time in over two years.A cut of 0.25 per cent wa...
Published: 06/12/2007
Archer predicts base rate cut
Leading economist Howard Archer from Global Insight says that the Bank of England will cut the base rate of interest tomorrow (December 6th).In a late...
Published: 05/12/2007
Borrowers want security of fixed-rates
A large number of homeowners would switch to a fixed-rate mortgage deal if they had to swap.Research by Abbey shows that one-in-three borrowers would ...
Published: 29/11/2007
Base rate cut expected by Brits
An increasing number of Britons now believe that the base rate of interest will soon be cut.The latest Lloyds TSB Consumer Barometer shows that confid...
Published: 26/11/2007
Economy slowdown to bring inflation back to target
Analysts are expecting a slowing economy to bring the UK's inflation rate back towards the government target of two per cent. A poll carried out by Re...
Published: 23/11/2007
Bank hints at another rate hold
The Bank of England has hinted that next month's monetary policy committee (MPC) meeting could see interest rates remain at 5.75 per cent.This month, ...
Published: 23/11/2007
Base rate to be cut 3 times in new year
The base rate of interest will be cut at least three times in 2008, according to one expert.Global Insight economist Howard Archer believes that the B...
Published: 21/11/2007
Inflation figure catches analysts off guard
Many economists have been shocked to learn that consumer prices index (CPI) annual inflation increased in October.The figure was recorded as 2.1 per c...
Published: 14/11/2007
Interest rates held at 5.75 per cent
The base rate of interest has been maintained for the fourth consecutive month.Members of the Bank of England's Monetary Policy Committee (MPC) met to...
Published: 08/11/2007
Brokers believe interest rates have peaked
The vast majority (89 per cent) of mortgage brokers believe that the base rate of interest has peaked.That is according to research by GE Money Home L...
Published: 30/10/2007
MPC member sees 'resilient market'
Despite widespread predictions to the contrary, a member of the influential monetary policy committee has opined that the recent chaos in the credit i...
Published: 24/10/2007
Interest rates 'confuse homeowners'
A recent survey has shown that the impact of interest rates is a mystery to many homeowners.When asked what effect a 0.5 per cent interest rate rise w...
Published: 24/10/2007
Boost for borrowers as inflation remains low
Mortgage borrowers were given a boost this week with the news that annual inflation remained below the Bank of England's two per cent target in Septem...
Published: 16/10/2007
Bank holds the base rate of interest
The Bank of England has announced that the base rate of interest will be held at 5.75 per cent in October.The Bank's Monetary Policy Committee (MPC) m...
Published: 04/10/2007
Lloyds: 'Bank set to hold base rate'
The Bank of England is due to make a decision on the base rate of interest this week and Lloyds TSB believes that it will choose to maintain it at its...
Published: 03/10/2007
Bank in no doubt over rate freeze
There was no doubt among members of the Bank of England's Monetary Policy Committee (MPC) that the base rate of interest should be frozen in September...
Published: 19/09/2007
MPC votes 'should be announced sooner'
A new report from parliament's Treasury Committee has recommended that the Bank of England reveal how its policymakers have voted at the same time as ...
Published: 18/09/2007
Interest rates see 'Brits in the mood to save'
Predictions that the Bank of England will continue to raise interest has seen millions of Brits beginning to save, it has been reported.Although the b...
Published: 17/09/2007
Interest rates 'will fall before end of 2008'
Having been held at 5.75 per cent for September, the base rate of interest is likely to stay consistent for the coming months before falling in 2008, ...
Published: 07/09/2007
Base rate held at 5.75%
The Bank of England has announced that the base interest rate will remain at 5.75 per cent for September.In a move that had been widely predicted by f...
Published: 06/09/2007
Talk of interest rate cut 'premature'
The Royal Institution of Chartered Surveyors (Rics) has responded to house price figures from Halifax and suggested that the underlying strength in th...
Published: 05/09/2007
BoE 'in wait and see mode'
The Bank of England (BoE) is in 'wait and see mode' and is likely to leave interest rates unchanged in September, according to a financial research fi...
Published: 04/09/2007
Another rate rise in the pipeline?
Data showing that the UK housing market continues to resist the calming influence of five successive base rate rises could increase the probability of...
Published: 31/08/2007
Interest-only mortgages only delay dealing with debt
A record number of first-time buyers chose an interest-only mortgage in June, as almost one in three opted for this product type, figures from the Cou...
Published: 28/08/2007
Cheaper fixed-rate mortgages hit revised Nationwide price list
Nationwide Building Society this week unveiled a raft of new pricings on its fixed-rate mortgage range, cutting interest rates and improving affordabi...
Published: 23/08/2007
New A&L mortgage range offer a gentle start
Alliance & Leicester has launched a new range of prime mortgages, headed by a 'low start' two-year fixed-rate loan which lets customers pay intere...
Published: 23/08/2007
Mortgage lending stays firm despite rate rises
The Council of Mortgage Lenders (CML) has said that mortgage lending is still rising at a "robust" rate, despite five increases in the cost ...
Published: 20/08/2007
Sub-prime crisis impacts on Northern Rock's fund-raising
UK banks may be seeing the crisis in the US sub-prime market impact on their ability to raise funds in capital markets and grow themselves in line wit...
Published: 17/08/2007
Interest rates 'have peaked' at 5.75 per cent
Asset Management firm New Star has predicted that interest rates have reached their peak at 5.75 per cent.The company made its forecast after minutes ...
Published: 16/08/2007
Market shock as inflation undercuts target rate
Inflation in July fell below the Bank of England's target rate of two per cent, according to national statistics released today.The Consumer Price Ind...
Published: 15/08/2007
Interest rate hold welcomed
The Bank of England's monetary policy committee (MPC) has announced that interest rates will be held at 5.75 per cent in August, a move welcomed by fi...
Published: 02/08/2007
Further interest rate rises 'dangerous'
The British Chambers of Commerce (BCC) has warned the monetary policy committee (MPC) that further increases in the interest rate could be dangerous f...
Published: 30/07/2007
Consumers 'see no end' to rate hikes
The majority of consumers can not see the current pattern of interest rate rises coming to an end soon, according to a new report.In a survey taken af...
Published: 30/07/2007
BoE 'to leave rates unchanged in August'
The Bank of England's monetary policy committee (MPC) is unlikely to increase the base interest rate in August, according to economic analysis firm Gl...
Published: 27/07/2007
'Cinderella culture' coming to an end
The Royal Institution of Chartered Surveyors (Rics) has responded to housing market data from Nationwide and the British Bankers' Association (BBA), s...
Published: 26/07/2007
Interest rate rises 'deterring buyers'
Recent rises in the interest rate have contributed to a reluctance among buyers to enter the property market, leading to a fall in prices of new homes...
Published: 25/07/2007
Interest rate prompts consumers to 'batten down the hatches'
Signs that the rises in the base rate are starting to trickle down to consumer activity are continuing to emerge, with the latest figures from leading...
Published: 23/07/2007
Strong lending 'will add to rate concerns'
Strong figures from the Council of Mortgage Lenders (CML) will add to the monetary policy committee's conviction that another rise in the base interes...
Published: 19/07/2007
Inflation drop fails to quell interest fears
The consumer price level of inflation decreased between May and June, the Office for National Statistics (ONS) has revealed, but this has failed to as...
Published: 17/07/2007
BoE rate hikes on 'gut feeling'?
Concerns have been raised that the Bank of England's (BoE) decisions on interest rate rises have been taken on "gut feelings" rather than ha...
Published: 13/07/2007
Interest rate effect differs across UK regions
Recent rises in the interest rate are having greater effects in some areas of the country compared to others, a credit agency has said.Five rate rises...
Published: 13/07/2007
Nationwide to raise BMR in August
Mortgage lender Nationwide has announced that it will increase its base mortgage rate (BMR) from August 1st.The move comes as homebuyers struggle with...
Published: 12/07/2007
NAEA fears market may have already levelled
The National Association of Estate Agents (NAEA) has expressed its concern that the property market may have levelled out before the June interest rat...
Published: 06/07/2007
Base rate hits 5.75%
The Bank of England (BoE) has increased the base interest rate to 5.75 per cent, meaning the rate has now climbed by over 1.25 per cent in less than a...
Published: 05/07/2007
Quiet house prices 'will not prevent rate rise'
The revelation by Halifax that house prices remained fairly subdued in June will not deter the Bank of England (BoE) from increasing interest rates, a...
Published: 04/07/2007
Rate rise "not a certainty"
Recent events, with a new prime minister coming into office and terrorist attacks being narrowly averted, have changed the interest rate picture and m...
Published: 03/07/2007
July interest rate rise predicted
Economic analysis firm Global Insight has predicted that the Bank of England will increase the base interest rate to 5.75 per cent this week.The rate ...
Published: 03/07/2007
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