Bank of England Holds Interest Rates at 5.25% What It Means for You The Rates Decision The Bank of England’s Monetary Policy Committee (MPC), comprising nine economists responsible for setting interest rates, has decided to maintain the base rate at 5.25%. This marks the sixth consecutive hold since the rate… Read More »Bank of England Holds Interest Rates at 5.25%
Bank of England Expected to Hold Interest Rates Steady Despite Easing Inflation
Despite a recent dip in inflation figures, the Bank of England is widely anticipated to maintain its current interest rate at the upcoming monetary policy meeting, according to economists and market analysts.
Interest Rates in Flux: Are They Rising or Falling?
Introduction
After several months of steadily falling interest rates, there has been some indication over the past few weeks that rates may be starting to rise again amongst some lenders. This has led to confusion over whether the overall downwards trend is reversing. This article will analyze the current situation and explain what is driving these fluctuations.
The Bank of England’s Inaction on Interest Rates is Choking the Economy
The Bank of England (BoE) decided against cutting interest rates this week, a move that many economists believe was a mistake. With inflation rising rapidly and the economy at risk of recession, a rate cut could have provided much-needed stimulus. In this post, I’ll summarise the key arguments made in a recent video about why the BoE should have reduced rates.
Reaction to the Bank of England Interest Rate Hold
The Bank of England’s Ongoing Incompetence
The latest decision by the Bank of England’s Monetary Policy Committee (MPC) to hold interest rates at 5.25% is yet another sign of the shocking incompetence we have witnessed from the Bank over the past year.
In 2009, central banks around the world slashed interest rates dramatically to near 0%. This was meant to be a temporary move to counter a short-term economic crisis. Markets and experts predicted rates would soon rise back to normal levels. However, for 13 years interest rates defied expectations, staying unusually low.
Plummeting Mortgage Rates Offer Hope
The video opens with mortgage broker James Nicholson explaining that mortgage rates have fallen lately, as lenders vigorously compete for business amid declining volumes. He notes lenders are fiercely battling to top rate-comparison sites, to maximize visibility and applications. Obtaining a sub-4% rate, long seen as an impossible threshold, now appears achievable within weeks.
Mortgage Rates Set to Drop in January Sales
The new year looks set to kick off with a bang in the UK mortgage market, as lenders compete to offer the best rates since before the short-lived Truss administration. Lower inflation and falling swap rates are aligning to create the perfect conditions for a January mortgage sale.
Mortgage Rates Drop Below 5% as Lenders Slash Rates Mortgage lenders in the UK are cutting rates aggressively in response to declining inflation. Halifax has become the latest major lender to reduce fixed rates, sparking predictions that sub-4% mortgages could return before the end of 2023. Halifax Slashes Rates In… Read More »Mortgage Rates Drop Below 5% as Lenders Slash Rates
Major Lenders Reduce Mortgage Interest Rates – A Detailed Analysis UK Mortgage Rates Start to Fall Following Bank of England Decision The Bank of England’s decision yesterday to hold interest rates steady at 3.5% has already prompted some major lenders to cut their mortgage rates. This is welcome news for… Read More »Major Lenders Reduce Mortgage Interest Rates – A Detailed Analysis
