Menu
17/10/2014
Bank Of England Suggest Interest Rates Will Remain Low
The Bank of England's chief economist, Andrew Haldane, has said that interest rates should "remain low to avoid long-term economic stagnation".
In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks."
Mr Haldane said that because of this "interest rates could remain lower for longer, certainly than I had expected three months ago."
UK interest rates had been predicted to rise early next year.
(MH/CD)
In a speech to business leaders, Mr Haldane said that he was "downbeat" over the UK economy, due to weaker global trends, low wage growth and "financial and political risks."
Mr Haldane said that because of this "interest rates could remain lower for longer, certainly than I had expected three months ago."
UK interest rates had been predicted to rise early next year.
(MH/CD)
Related UK National News Stories
Click here for the latest headlines.
09 June 2005
Interest rates remain at 4.75%
The Monetary Policy Committee for the Bank of England has left UK interest rates unchanged for the tenth month in a row. The decision to keep the interest rate at running, at 4.75% follows further uncertainty in the economy. Figures published today revealed that while there was slight monthly increase, 0.
Interest rates remain at 4.75%
The Monetary Policy Committee for the Bank of England has left UK interest rates unchanged for the tenth month in a row. The decision to keep the interest rate at running, at 4.75% follows further uncertainty in the economy. Figures published today revealed that while there was slight monthly increase, 0.
04 June 2015
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
14 August 2009
UK Repossession Level Falls
The number of mortgage repossessions fell in the second quarter of the year, while cases of arrears levelled off, according the latest figures published today by the Council of Mortgage Lenders (CML). A combination of factors has helped keep mortgage arrears and possessions in check, despite the recession.
UK Repossession Level Falls
The number of mortgage repossessions fell in the second quarter of the year, while cases of arrears levelled off, according the latest figures published today by the Council of Mortgage Lenders (CML). A combination of factors has helped keep mortgage arrears and possessions in check, despite the recession.
11 August 2009
Rise In Mortgage Lending
Lending for house purchase and remortgaging both increased in June, according to lenders. New data from the Council of Mortgage Lenders shows further signs of stabilisation in the mortgage market, but transactions are still weak on a historic basis. There were 45,000 house purchase loans, worth £5.9 bn, up 23% from 36,500 loans in May.
Rise In Mortgage Lending
Lending for house purchase and remortgaging both increased in June, according to lenders. New data from the Council of Mortgage Lenders shows further signs of stabilisation in the mortgage market, but transactions are still weak on a historic basis. There were 45,000 house purchase loans, worth £5.9 bn, up 23% from 36,500 loans in May.
04 August 2011
Interest Rates Held At Historic Low
The interest rate has again been kept at the record low of 0.5% by the Bank of England's Monetary Policy Committee (MPC). This comes as no surprise as most economists had anticipated that the rates would remain unchanged due to the subdued economy after new that GDP figures for the second quarter showed growth of just 0.2%.
Interest Rates Held At Historic Low
The interest rate has again been kept at the record low of 0.5% by the Bank of England's Monetary Policy Committee (MPC). This comes as no surprise as most economists had anticipated that the rates would remain unchanged due to the subdued economy after new that GDP figures for the second quarter showed growth of just 0.2%.
-
Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
