Category: Interest Rates

MPC Member Says Interest Rates Likely To Rise Next Spring

A leading Bank of England policymaker has said the base rate is likely to rise in “spring 2015” in unusually revealing comments made this afternoon. Martin Weale, one of the Bank’s nine Monetary Policy Committee (MPC) members, said to Sky

No Change To Base Rate & QE

The Bank of England’s Monetary Policy Committee has maintained base rate at 0.5 per cent and the size of its programme of quanitative easing at £375bn. The MPC has held base rate at a record low level of 0.5 per

MPC Holds Base Rate & QE

The Bank of England’s Monetary Policy Committee has decided to hold base rate at 0.5 per cent and its programme of quantitative easing at £375bn. The base rate has now been held at 0.5 per cent for over four years,

Bank Of England Predicts Mortgage Rate Reductions

Banks and buildings societies are likely to make fresh cuts to mortgage rates, according to the Bank of England. The latest poll of lenders found that many mortgage deals became “significantly” cheaper between January and March. Lenders also indicated they

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