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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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Interest rates stay on hold
7 August, 2008
As expected, the Monetary Policy Committee has kept interest rates on hold at 5% this month.
Whilst reducing rates would help homeowners and the housing market, the fact that some experts are now predicting inflation rising beyond 5% mean rates aren’t likely to come down for the foreseeable future. In fact last month one MPC member voted for an increase in rates.
Most MPC members voted for rates to stay the same last month, according to the minutes, whilst one voted for rates to go down and one voted for rates to rise. It will be interesting to see if the Committee is still divided this month – I’ll report back when the minutes are released later in the month.
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