UK Interest Rates Since 1694
March 12th, 2009
At just 0.5%, we’re currently experiencing the lowest rate of interest since the Bank of England was founded back in 1694. Why not check out each and every interest rate since its beginning, courtesy of new data released by the Guardian.
Continue reading "UK Interest Rates Since 1694" »
Interest Rates Cut To 0.5%
March 5th, 2009
The Bank of England has decided to halve the UK interest rates to a new all-time low of just 0.5%.
Continue reading "Interest Rates Cut To 0.5%" »
Poll: UK Interest Rate Decision Tomorrow
March 4th, 2009
Might be a little late for this poll, but what the heck. The Bank of England will make its monthly decision on interest rates tomorrow (Thursday 5th March), with rates currently sitting at the lowest ever rate of 1%.
Continue reading "Poll: UK Interest Rate Decision Tomorrow" »
A Positive View Of Today’s Interest Rate Cut
January 8th, 2009
A lot of media analysis of today’s interest rate cut to 1.5% has been negative, focusing on the fact that it won’t mean the banks will lend more to businesses and consumers or get more foreign investment in. But what positives can be take from today’s announcement?
Continue reading "A Positive View Of Today’s Interest Rate Cut" »
Interest Rates Cut To 315-Year Low
January 8th, 2009
As expected, the Bank of England has cut the UK interest rate to a 315-year low of 1.5%.
This is the first time that rates have gone below 2% since the BoE was founded back in 1694, and reflects the fears of slowing inflation and possibly even deflation.
Continue reading "Interest Rates Cut To 315-Year Low" »
Interest Rates Cut To 2%
December 4th, 2008
The Bank of England has today decided to cut interest rates, taking them down to just 2%.
Continue reading "Interest Rates Cut To 2%" »
Mortgage Deal Ending? Lender’s SVR Might Not Be Too Bad Afterall
November 18th, 2008
When you’re approaching the end of your mortgage deal (for example, a discounted or fixed rate of interest), the general advice is to find a new deal as soon as possible.
But given current interest rates, this might not be the best decision, as your lender’s Standard Variable Rate might …
Continue reading "Mortgage Deal Ending? Lender’s SVR Might Not Be Too Bad Afterall" »
Interest Rate Cut Is A Double-Edged Sword
November 6th, 2008
Whenever there is a cut in interest rates, we often start talking about how homeowners will benefit with reduced mortgage repayments. Of course, things aren’t as cut and dried as that – there are winners and losers.
Continue reading "Interest Rate Cut Is A Double-Edged Sword" »
Breaking News: Interest Rates Cut By 1.5%
November 6th, 2008
The Bank of England has cut interest rates by 1.5%, down to 3%, the lowest level since 1955.
Continue reading "Breaking News: Interest Rates Cut By 1.5%" »
Interest Rates Cut To 4.5%
October 8th, 2008
7 central banks, including our very own Bank of England, have agreed to cut interest rates.
Continue reading "Interest Rates Cut To 4.5%" »
