You are here: Home - First Time Buyers - News -

Bank Rate stays at 0.5% for 50th month

0
Written by:
09/05/2013
The Bank of England

Its decision is in line with predictions that the Bank Rate will remain unchanged until 2016.

It is the 50th month the Bank Rate has remained unchanged.

“There had been little change in short term monetary conditions in the United Kingdom and policy was expected to remain highly stimulatory for some years,” according to the minutes of the MPC’s meeting.

Funding for Lending and quantitative easing were likely to support a gradual recovery despite subdued lending figures, it suggested.

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.

Sorry. No data so far.

Guide to borrowing past retirement age

As an older borrower, you may be concerned that a lender will not offer you a mortgage pas...

Mortgage market biased against homeowners

Buy-to-let property investors are unfairly favoured in the mortgage market, an independent...

Should buy-to-let investors ‘go Dutch’?

The Netherlands is revealed as Europe’s top buy-to-let property hotspot

Private sector tenants in poverty double in decade

The number of private rented sector tenants in poverty has doubled in the last decade from...

Large mortgage broker firm launches with fees of over 1%

An insurance firm has launched a mortgage advice service

Second steppers targeting detached properties

Those living in their first home are increasingly looking to reduce the steps to their lon...

Mortgage Calculators

Read previous post:
CML reports sharp fall in property repossessions

Figures from the Council of Mortgage Lenders show that the number of properties repossessed by lenders has fallen sharply in...

Close