Unsurprisingly the Bank of England decided to maintain the official Bank Rate in December at 0.5%. This continues the historical low of 0.5% since it was lowered to this level on 5th March 2009. With the uncertainty in the global economy and ongoing debates over how the Euro zone and European Union can be rescued, [...]
Categories: Bank Interest Rates |
Tags: Bank of England, Interest rates, Purchase, quantitative easing | 
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The Bank of England Lending Statistics on lending to individuals for September shows yet again another increase, both in total – up £1.0 billion and secured on dwellings – up £0.3 billion. For total lending this is in line with the 6 month average. However that secured on dwellings is slightly behind the average of [...]
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Tags: Bank of England, lenders, Lending, Lending to Individuals, loan approvals | 1 Comment »
The October House Price Index from Halifax reports that house prices in the preceeding 3 months where 0.3% lower than the 3 months before that. Other key facts: The monthly average house price change was 1.2%, placing the average house price at £163,311 The annual HPI change was -1.8%, however the average is marginally higher [...]
Categories: House Price Index |
Tags: Bank of England, House Price Index, house prices, Housing Market, HPI, October HPI 2011, price index | 1 Comment »
The Bank of England announced today it’s decision by the Monetary Policy Committe, to maintain the official Bank Interest rate at 0.5%. The Bank dropped the rate to this low level back in March 2009 amid the start of the current economic downturn and although under pressure to raise rates due to some strong infaltion [...]
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Tags: Bank of England, Interest rates, monetary policy, Purchase | 1 Comment »
The Bank of England today took the decision to inject a further £75bn into the UK Economy via it’s programme of quantitaive easing (QE). This is in addition to the £200bn it has already pupmed into back in 2009. The Bank was widely expected to take some form of action either this month or next [...]
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Tags: Bank of England, BoE, ECB, European Central Bank, European Crisis, eurozone, Interest rates, low interest rates, Property, uk economy | 1 Comment »
Although some of the House Price Indices have been reporting falls in the average house price, the Bank of England’s statistics on Lending to Individuals shows some small increased in the total amount lent. For August the overall lending rose by £1.0 billion which was less than the previous 6 month average increase, but unchanged [...]
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Tags: Bank of England, house prices, house purchase, Lending, Lending to Individuals, loan approvals | 1 Comment »
The Halifax House Price Index (HPI) for August shows a monthly fall of -1.2% and annual change of -2.6%. However the Quarterly change, which can sometimes be seen as more stable, reports a 1.0% increase. This sets the average house price for the UK at £161,743 and is higher than the previous quarter. Although the [...]
Categories: House Price Index |
Tags: August HPI 2011, Bank of England, House Price Index, HPI, Interest rates, Mortgage Rates | No Comments »
As widely expected the Bank of England today announced it would keep interests on hol at the all time low of 0.5%. The Bank’s Monetary Policy Committe (MPC) also decided to keep the same level of quantative easing and not extending it past £200bn. Winners and Losers With interest rates at an all time low, [...]
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Tags: Bank of England, Interest rates, monetary policy, mortgage borrowers, MPC | No Comments »
The Bank of England’s lending figures for July 2011 were a mix of positive and negatives news. The lending secured on dwellings did rise in July by £0.7 billion, which on the face of it is good news this was lower than the 6 month average of £0.9 billion. Yet the 3 month annualised growth [...]
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Tags: Bank of England, BoE, house purchase, Lending, mortgages | No Comments »
August 5, 2011 |
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The Bank of England (BoE) again today decided to keep UK interest rates at their record low of 0.5%.
The Monetary Policy Committe has kept rates at this low level continuously since March 2009, and it was widely expected that it would do so again this month.
Categories: Bank Interest Rates |
Tags: Bank of England, BoE, Interest rates, Property, Purchase | 1 Comment »
