Interest rates stay on hold
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.
- Borrowers unsure which mortgage to choose
- Brokers divided over regulation
- Abbey cuts rates
- Yorkshire Bank launches fee-free remortgage
- Mortgage fees are increasing
- HML appoints sales development manager
- MPPI unaffected by negativity
- Banks support customers in difficulty
- Dunfermline and Saffron join Exweb
- Huge demand for leads
- Kensington retains Complete
- Clarity is needed on code
- L&G launches tracker with Halifax
- Back to basics
- FSA RDR announcement understandable






