All Entries in the "Interest Rates" Category
Bank of England expected to hold base rate at 0.5%
It is believed that the bank base rate that currently stands at an all time low of 0.5% will remain at that level for the time being. The Bank of England is expected to make that announcement in its monthly monetary policy decision later today.
This will mean that the base rate will have been at [...]
Nationwide Cuts Rates on Tracker and Fixed Rate Mortgages
Nationwide (LON:CEBB) has just released new mortgage rates from today with cut rates on some fixed rates and tracker products. Nationwide is offering a two year fixed rate available from 3.78 per cent, up to 70 per cent LTV for purchasers.
European Central Bank (ECB): Interest rates on hold
Just like the Bank of England who decided to keep Interest rates at 0.5%. The European Central Bank kept interest rates on hold at 1.0 percent on Thursday.
Bank of England: Interest rates and quantitative easing
The Bank of England has said that UK banks are still failing to provide enough credit to businesses and households. BOE will expand its programme of money creation by £25bn over the next three months, to boost Britain’s recession hit economy.
Nationwide: Recession helps keep ‘mortgages affordable’
Nationwide Building Society has announced that interest rates are likely to remain at or near their current record lows for well into next year. Annual house price figures have shown an increase for the first time since March 2008, up 2pc on last year, according the Nationwide’s house price index.
European Central Bank cuts interest: Euro Rate now 1.5%
The European Central Bank has today announced a cut in their interest rate, the Euro rate now stands at 1.5%. The Central Bank has predicted that this is the worst economic recession for Europe in 50 years. It seems that drastic times calls for drastic measures, but not as drastic as the one taken by [...]
Bank of England (BoE) Rate Cut: Printing money and zero interest rates
try and force banks to start lending money. The BoE is also expected to unveil plans to inject £150bn of new money onto the banking system. This does not mean that they will print more money; it just means that more money will be made available electronically
Interest Rate Cut To 1%: RBS/Natwest, HSBC, Abbey, Barclays, Halifax
The Bank of England (BOE) has just cut the interest rate to one percent and that rate is the lowest that it has ever been in the banks history.
Advisors are now telling their customers that they should lock in rates right now, as they are as low as they will go. On top of this [...]
Bank of England Interest Rate Cut: How Much?
It’s the first Thursday in the month and people in the UK have their eyes on the news more than normal, the reason is to do with their mortgages.
The Bank of England is expected to announce another interest rate cut today even after many months of cuts already. The big question is not if they [...]
Bank of England talks of further Interest rate cuts
The Bank of England have been talking about yet another possible interest rate cut as they continue on their path to zero. The minutes meeting that took place this month showed that members voted 8-1 of the half point cut, and that it is likely to happen yet again next month.
How can I benefit from the interest rate cuts?
The Bank of England has cut the base interest rate for the forth consecutive time taking the base interest rate now down to 1.5 percent the lowest level in over 300 years, but what does this mean to you?
If you are a homeowner on a variable or tracker mortgage this is fantastic news, however if [...]
UK interest rate cut to 1.5 percent by the Bank of England
The Bank of England have just cut the base interest rate by .50 percent taking the UK interest rate to 1.5 percent the lowest level since 1695 when the Bank of England was founded.
Many analysts wanted the rate to be cut by a full 1 percent, although it’s widely anticipated that the
Bank of England poised to cut interest rate by at least 0.5 percent
The Bank of England (BoE) is likely to cut the interest rate to their lowest level on record this week. It’s widely expected the BoE with cut the rate by at least 0.5 percent to 1.5 percent.
The Central bank’s Monetary Policy Committee on Thursday ends it’s two day meeting and will announce the cut, some [...]
Nationwide: No further cuts to tracker mortgage interest rates
Nationwide Building Society has said that it will not cut the interest rate on its tracker mortgage products any further, even if the Bank of England cut the base rate, according to reports from the BBC.
This is due to the collar clause which stipulates that the UK’s largest building society do not have to drop [...]
Royal Bank of Scotland & Nationwide Slash rates on variable savings
Royal Bank of Scotland (RBS) along with Nationwide, Alliance & Leicester, NatWest, Barclays (LON:BARC), Halifax, Lloyds TSB (LON:LLOY) and Abbey have all slashed the interest on the variable saving accounts, some by more than 1 percent according to moneyfacts.co.uk.
On some accounts rates have been slashed to just 0.1 percent at a time that many households