All Entries Tagged With: "Bank of England"
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.
Mortgage lending falls in May after April recovery
It seems that the slight recovery in mortgage lending in April was a bit of a false start, as we have news that mortgage lending has fallen in May. This news was provided by Council of Mortgage Lenders (CML). Although lending is only down slightly in
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
Abbey has risen some fixed-rate mortgages week after announcing rate cuts
Customers of Abbey have been left a little confused as well as betrayed, as the bank owned by Santander have risen some fixed-rate mortgages by up-to 0.44 percent, this follows an increase in borrowing costs. Abbey Customers are