All Entries Tagged With: "Interest Rate"
How will the interest rate cut effect my mortgage?
4.2 million base rate tracker mortgage holders will be rejoicing in the Bank of England base rate cut today not everyone will be as happy, over fifty percent of homeowners are locked into a fixed mortgage deal and will not benefit from the cuts at all.
Anyone that took a fixed rate mortgage deal out [...]
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
Prime Minister Gordon Brown on Bank of England's interest rate cut
Gordon Brown the UK Prime Minister urged banks to pass on the full one percent cut the Bank of England made yesterday in a bid to help homeowners survive the recession.
The Bank of England yesterday cut the base interest rate to the lowest level since 195. The now has the task of insuring that the [...]
Interest rate slashed, stocks tumble: What next?
Despite the Bank of England cutting its base rate by 1.5 percent the lowest level since 1955 and the European Central Bank cutting key lending rate by 0.5 percent, stocks across Europe tumbled, with London’s FTSE 100 losing 5.63 percent to close at 4275.72.
Frankfurt and Paris saw a sell-off with the DAX down 6.97 percent [...]
Bank of England: Slashes Interest Rate to 3 percent
The Bank of England Monetary Policy Committee announced moments ago that they will cut the base interest rate by 1.5 percent which means it is now at 3 percent. But the question on everyone’s lips, will the big banks like HSBC, Barclays, Lloyds TSB and Royal Bank of Scotland pass on the rate to their [...]
Troubled Iceland: Interest Rate increased to 18 Percent
Iceland’s central banks have increased its key interest rate from 12 percent to 18 percent as it tries to save the country from a total financial collapse. This Icelandic rate jump comes less than two weeks after they cut the rates from 15.5 percent.
Iceland’s Prime Minister said in a meeting with other Nordic countries that [...]
Gordon Brown in interest rate cut talks
Gordon Brown is expected to defend his plans to increase government borrowing in order to tackle the economic downturn in a speech later.
Prime Minister Gordon Brown is set today to tell business leaders they need to heighten the demand for government spending in a bid to challenge the economic crisis. Economists and opposition parties have [...]
Federal Government holds U.S. interest rate at 2 percent
The Federal government hold the U.S. interest rate at 2 percent, it was an unanimous decision to leave the interest rate at 2 percent, the decision surprised several people in the
Interest rate cut unlikely as Mervyn King explains sharp rise in inflation
As Mervyn King explains the 4.7 percent rise in inflation, all hopes of an early interest rate cut disappears. This comes as Chancellor Alistair Darling opened a letter from
Interest rate cut to 4.5 percent by the Bank of England says CBI
Bank of England should cut interest rate to 4.5 percent in November, according to the Confederation of British Industry, who are the nation’s number one
European Central Bank holds interest rate at 4.25 percent
No change for the interest rate issued by the European Central Bank, it’s been left a 4.25 percent, although this was widely anticipated. Jean-Claude Trichet, the ECB President hinted that it there
Bank of England rate cut looks more likely
Are they or aren’t they? Once again, a glimmer of hope that the Bank of England Monetary Policy Committee (MPC) may cut the interest rates by the end of
AIB take blame for tracker mortgage error
AIB has now taken the blame for the manual error to 500 discount tracker mortgage accounts, which were not increased after an ECB interest rate rise between the date March 2006 and March 2007.
The Allied Irish Bank has said that the account holders continued to