Bank of England Base Rate Held for a record 30th month
- 08/09/11
- Categorized in: The MFS Financial Blog
The Monetary Policy Committee (MPC) has announced the base rate is to remain on hold at 0.5%.
The August MPC meeting minutes show that all members were in favour of a hold and given the tone of the minutes it would be no great surprise if any possibility of a rise was sheved for the near future.
With America's Federal Reserve indicating they do not see them raising rates for 2 years, this would seem to add to likelyhood of there being no rise for some time on the side of the pond.
Great new maybe for borrowers but not so for savers!
Steve O'Mara
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- Bank of England Base Rate Held for Record 31st Month
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Recent MFS Blogs for Footer
- Protecting Maintenance Payments
- Could a "Capped" or "Drop Lock" Mortgage be for You
- What is Credit Scoring?
- Standard Variable Rates on the Rise?
- Bank of England Base Rate Held for Record 31st Month
- Fixed Rates Continue to Fall
- Bank of England Base Rate Held for a record 30th month
- To Fix or Not to Fix
- Are Comparison Sites Impacting on Your Credit Rating?