All Entries in the "Interest Rates" Category
Bank of England holds base rate at 5%: are they right
We all knew the decision before the Bank of England did, they have decided to keep the base rate at 5% amid pressures of slower economic growth and rising inflation.
This news will come as a shock to those in the housing sector, as they were calling for a
Today's Bank of England expectations
The Bank of England meets today to decide where they are going with interest rates this month; the expectations are that they will keep them at 5 percent; it seems that the worry about rising inflation will outweigh the worry of the UK’s slowing economy.
Recession Fears: Bank of England facing interest rates decision
Many UK businesses have been showing fresh concerns that the UK could be heading into a recession, the first since the 1990’s. The Bank of England now has a tough choice to make, as inflation still shows no sign of shrinking.
The problem is the Bank of England will need to justify their choice if they [...]
Chong Hing Bank of East Asia announce mortgage rate rise
Hong Kong’s Chong Hing Bank of East Asia has announced that they are raising mortgage rate for homebuyers by 25 basis points, this rise will come into affect from today.
Chong Hing Bank has also announced that
Should Bank of England's MPC hold interest rates?
The Bank of England’s Monetary Policy Committee are to meet later this week to discuss the current interest rates, and the MPC are being urged to hold the interest rates at 5% in the hope that it will help to fight of a recession.
European Central Bank’s interest rate raised to 4.25 percent
On Thursday the European Central Bank raised its benchmark interest rate to 4.25 percent in an attempt to fight inflation, this was a one-quarter of a percentage point increase.
The interest rate decision was made yesterday after the ECB promised in June that it would try and curb fuel and food prices, this was short of [...]
Interest rates expected to rise as retail sales jump
On a previous article we told you that gross mortgage lending fell in the month of May, but also in the same month retail sales soared at its fastest rate in almost two decades, this has lead to speculation of an interest rate could go up. Although we know that food prices in the UK [...]
Fixed rate mortgages of 6% plus here for foreseeable future
If you are a homeowner and was about to start up a new fixed rate deal, then do not expect to see any fixed-rate term mortgages under 6%. It seems that deals of 6% plus are now here for the foreseeable future, this has been warned by
Federal Reserve Chairman Ben Bernanke no plans to raise interest rates
A Washington Post op-ed reported that Federal Reserve Chairman Ben Bernanke has no plans at the current time to raise interest rates however: he has said that he is more concerned about growth than inflation. Sources close to Bernanke, has said that
Low interest rates are a thing of the past
With the current credit crunch going on most of us will be hoping that interest rates will fall, but the truth of the matter is, they will likely rise instead. Many experts believe that the next move will be up instead of down, so it seems that homeowners are in for a