Just Do Property

« | »

Bank keeps Rates at 0.5% and maintains Quantitative Easing

The Bank of England announced this week that it is maintain the Bank Rate at the historic low of 0.5%, having first been introduced way back in March 2009.

There have been few people expecting the bank to increase rates this month with the record low lasting far longer than experts originally predicated.

The Bank also announced it had voted to continue with the same level of Asset Purchase programme at £325 billion. The programme is financed by the issuance of central bank reserves and the Bank believes this will take another month to complete.

Although there was no increase is this programme, also known as quantitative easing (QE), the scale of the programme as a whole will be kept constantly under review.

Alec Hanson

Related posts:

Large Fall in January lending! Unusual combinations to blame...
The CML (Council of Mortgage Lenders) believe an "Unusual combination of factor" cause...
Prices fall but Rightmove sees positive signs for 2013
Rightmove.co.uk recently released their November 2012 House Price Index. Average asking prices by ne...
Coping with Mortgage Defaults: How to Eradicate Debt over Time
The real estate market, which has been such a source of comfort for British residents in recent time...

Posted by on April 6, 2012.

Tags: , , ,

Categories: Bank Interest Rates

« | »

Recent Posts


About Just Do Property

About Us   You need to upgrade your Flash Player. Run by dynamic husband and wife team, Julie and Alec Hanson, justdoproperty.co.uk offers a one-stop online portal for everything property-related. Packed with guidance, support, ideas and products on how to build a property portfolio, justdoproperty.co.uk simply removes the need for tedious web surfing and research. […]more →