What are economists saying about the static interest rate? Economists are reacting after the Bank of England held the base rate where it was - as predicted. KPMG chief economist Yael Selfinsaid though the inflation projection had...
UK mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, Bank of England (BoE) base rate announcements, and lenders' discretion. In this article, we break down the current UK mortgage rates, and look at the potential direction of future UK...
UK Central Bank Ups Interest Rates by 50 Basis Point The 50 basis point hike resulted from the Committee’s vote, which turned out to be 7-2 in favor of the addition, taking the central bank’s base rates to 5%. The news came unexpectedly to the market, which predicted a 60% chance...
Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bills. The Bank repeated language that further rises would be required "if there were evidence"...
Find out when the next Bank of England MPC meeting is, why the base rate increases and how the base rate can affect your mortgage.
ahead, we expect interest rates to remain high, potentially reaching a peak of 5.75 per cent in the first quarter of 2024. While rate rises have cooled inflation in the last month, they have not had a sufficient impact to have the Bank of England consider bringing the base rate back down...
Deloitte comments on today's interest rate decision An end of year pickup in inflation and in earnings has pushed back the timing of UK rate cuts. 19 Dec 2024 News Deloitte comments on today's ONS inflation figures The big declines in inflation are behind us. Next year inflation is...
rate rises could be on the way. It is uncertain whether rates will have to go up again. The bigger increase today may have bought the MPC a little more time. Clearer evidence that underlying price pressures are fading should mean that the peak in UK interest rates will be nearer the ...
(such as its Green Prosperity Plan), which will largely be offset by tax hikes. There are risks to this view, however. Further net fiscal easing at the Autumn Budget, than we've pencilled in, could lead to a more cautious and gradual rate cut path relative to our basecase – ...
* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA). This estimate is based on a monthly interest rate of 1.70%, which may not reflect your final rate. Please apply onlin...