Interest Rates sit tight again

Thursday, 7 June 2012 11:02 AM

The Bank of England has again given homeowners a reason to celebrate choosing to leave interest rates at 0.5 per cent.

The respite for home owners was no surprise with the Bank of England holding rates for the past three years.

Since the start of the year Halifax, the Bank of Ireland and other lenders fed up with the stagnant rates announced their own interest rate rises.

But this did not sway the Monetary Policy Committee which swiftly made the decision to keep the low base interest rate today.

While homeowners can celebrate the low base interest rate is not helping anyone looking to boost their interest rich savings accounts.

But with the current financial climate and a stagnate housing market it seems there will be more time to pass before interest rates move.

The Bank Rate was first reduced to 0.5 per cent in March 2009.

House prices were at their highest point in 2007 before a market crash left everywhere except prime property in London reeling to regain confidence.

The Bank has decided to hold interest rates again

Bank of England holds interest rates again

The Bank of England's Monetary Policy Committee has once again voted to hold interest rates at the all-time low of 0.5 per cent, meaning that rates have now been held for the 21st month in a row.

 The Bank's decision means 21 months of record low interest rates

Interest rates held again by Bank of England

The Bank of England's Monetary Policy Committee has once again decided to hold its base rate at 0.5 per cent. This makes the 21st month in a row that the interest rate has remained at this historic low.
The Bank of England again holds interest rates.

Interest rates stay the same

There is again no surprise with the Bank of England’s decision to leave interest rates at 0.5 per cent. The respite for home owners comes just after both Halifax and the Bank of Ireland announce interest rate rises to come into effect in the months ahead.

Bank of England; interest rates unchanged.

Interest rates remain unchanged

The Bank of England has again offered respite to home owners by leaving interest rates at 0.5 per cent. Those with a mortgage can rest easy for another month as repayments remain the same.

Bank of England keeps base rate at 0.5%

Base rate at two year low but homeowners fear future rises

The Bank of England's decision to hold the interest rate at 0.5 per cent today marks two years since the rate was cut to a record low. But a poll has found that 42 per cent of homeowners worry about any future rise impacting on mortgage repayments.

 Interest rates remain unchanged for now

Interest rates remain unchanged

The Bank of England have announced that they decided to leave the interest rate at 0.5% for the time being - bringing relief to homeowners already struggling with a rising cost of living, inflation and unchanged pay packets during the credit crunch.
The interest rate will stay at 0.5% for another month

Bank of England votes to hold interest rates

Once again, the Bank of England's Monetary Policy Committee has voted to maintain the base rate of inflation at 0.5 per cent, with many industry analysts warning that any increase in the next six months could hit mortgage customers hard.

 An interest rate rise could stretch budgets

Interest rates rise 'will cripple household budgets'

A predicted rise in interest rates will have devastating effects on household finances, according to a new report. Analysts from Capital Economics warn Bank of England interest rates may rise from 0.5% to 5%, pushing mortgage rates in turn up to 8%.

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Two-tier housing market for Wales

Wales' house prices are held up by the high-end market.

The Welsh housing market has split into two groups creating a high-end market where prices are going well and a poor performing bottom end of the market. According to LSL/Acadametrics’ Wales house price index overall prices are up by 2.4 per cent on last year.

Interest Rates sit tight again

Interest rates remain 0.5 per cent.

The Bank of England has again given homeowners a reason to celebrate choosing to leave interest rates at 0.5 per cent. The respite for home owners was no surprise with the bank of England holding rates for the past three years.

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