Articles in the Interest Rates Category
Budget 2008: Are You Any Better Off?
March 13th, 2008
This year’s budget wasn’t the most exciting, but in the current financial climate, you could hardly expect it to be.
With businesses and consumers finding borrowing more and more difficult, as banks reduce their lending following the credit crunch, and as the cost of electricity, …
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Interest Rates: Now Highest For 6 Years
July 8th, 2007
You’re probably aware that interest rates have risen once again, up 0.25% to 5.75%. This is the highest rates have been since March 2001.
The graph below shows how rates have changed over the past 10 years:
I think one of the key things …
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Interest Rates Rise Again
May 10th, 2007
Interest rates have been put up again, rising a further 0.25% to 5.5%.
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Prepare For Another Interest Rate Rise
April 25th, 2007
As inflation is currently running above the government’s target, it’s more than likely that rates will go up again next month, probably by 0.25%, although there is an outside chance they will rise by 0.5%.
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How Are We Affected By Interest Rate Changes?
March 9th, 2007
Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months.
But how do interest rate changes affect the average person? I’ll explain in very simple terms:
When rates fall, there is less incentive for people to …
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Interest Rates Remain Stable
February 8th, 2007
The Bank of England has decided to keep interest rates at the same level (5.25%) this month, after last month’s surprise decision to raise the rates.
As I mentioned yesterday, many experts expert more rate rises before the summer, following the 3 previous 0.25% rises in the last 6 months.
Those …
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Are You Prepared For Another Interest Rate Rise?
February 7th, 2007
The Bank of England will announce the fate of interest rates again tomorrow, and there’s plenty of speculation that rates still have some chance of upward movement yet to go.
Reuters surveyed 62 economists, of which just 5 thought that rates would rise this month, yet another 46 predicted rates …
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This Is Money: Homeowners Face Rate Crunch
January 17th, 2007
Homebuyers were rocked by more depressing financial news last night, as they were warned to brace themselves for yet another interest rate rise
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MoneyExpert: HSBC Announces New Homeowner Loan Product
January 16th, 2007
HSBC has announced a new five-year fixed-rate mortgage after the homeowner loan offered in its Green Sale sold out.
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This Is Money: House Price Growth Cools
January 16th, 2007
House price inflation cooled in December in an indication that higher interest rates had begun to bite, a report today suggested
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