Bank Base rate remains at all time Low….how long for??

The Bank of England (BoE) today announced that they have decided to keep the all time low of 0.5% for the bank’s base rate. At the same time they kept the level of the Asset Purchase programme at £200bn. We will have to wait until later in the month to see how the members have [...]

Lending for House Purchases still shockingly Low

The Bank of England last week released it’s statistics on overall lending to individuals for the month of February. The figures show that on the whole the level of lending to individuals is low but up on last month to £2.0 bn. Yet the figures show a flat, if not downward trend, for the lending [...]

Would you like to predict interest rates? Slow rise to 3% in 2014!

I’m not sure about you, but I would love to be able to predict what is going to happen with the Bank of England base rate. It would help with selecting mortgages and planning cash flow within our property portfolio. Well although this can not be done with certainty, I was very interested in a [...]

0.5% interest rate continues as Bank of England resists pressure to increase

There as been much speculation that the Bank of England (BoE) could start to put interest rates up, especially with inflation twice the Bank’s target rate. However the Bank’s Monetary Policy Committee today decided to keep interest rates at their record low – no unchanged for two years! The quantitative easing measures were also unchanged. [...]

Lending stats from Bank of England show Rise in Individual Lending

The Bank of England’s latest Statistical Release shows an increase in individual lending in January, up by £1.5 billion. Within these figures those related to the housing market show that the total ‘lending secured on dwellings’ was up even more by £1.8 billion. However the 12 month rate of growth remained the same at 0.7% [...]

Bank keeps interest rates low for now…

The Bank of England today decide to keep the base interest rate at the all time low of 0.5%. Although it was widely believed that the Bank would make this decision, last month’s minutes show that members are contemplating a rate rise. Indeed with rising inflation due to food and fuel prices the bank will [...]

Bank of England keep status quo – UK Interest Rate remain at 0.5%

The Bank of England has today decided to keep the UK Interest rate at 0.5% and at the same time to maintain the level of the asset purchase programme – i.e. has decided on no new quantitative easing (QE) measures. The maintains the record low for UK interest rates for the 23rd month in a [...]

Record low continues as Bank of England leaves interest rates at 0.5

Well the Bank of England have decided to leave UK interest rates at their record low of 0.5%, now for the 21st month. Slightly boring from a news and graph persepctive, but very good news for property investors who can continue to benefit from these low rates.

Base Rate kept at 0.5%, but has the “Order to shoot” been given?

Base rate kept at 0.5% for 18 consecutive months. Although it had been widely expected to keep the record low interest rates, there are increasing calls to increase rates to curb inflation.

Base rate stays at 0.5% for 18th Month

The Bank of England (BoE) today kept their Base Rate at the all time low of 0.5% for the 18th Month. They also decided to maintain the size of the Asset Purchase Programme (aka Quantative Easing) at £200bn.