Tag: Interest rates

Interest rate rise on the cards

Mark Carney, talking to Birmingham Post, had claimed that inflation is likely to drop below 1% over the next few months, not rising again until late 2015. “…for this economy to have balance and inflation to get back to 2% … Continue reading

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Fixed-rates for mortgage plans reach new low

The steady decrease in fixed-rate mortgage prices continues as HSBC announce new mortgage plan with a five-year fixed-rate of 2.48%, edging ever closer to the record lows set by Yorkshire Building Society at 2.44% in August 2013.

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Posted by: Leanne Halsey Categories: Latest News, Mortgages Tags: , , , , Leave a comment

Interest rates could be retained at historic low for a while yet, says a Bank of England Governor

  Interest rates might be retained at their historic low of 0.5% for far longer than first expected, the Bank of England’s deputy governor has identified, in what will be welcome remarks to those suffering from the inflationary pressures of … Continue reading

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Mortgage approvals fall month-on-month; a clear sign the housing market is slowing down

The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in recent … Continue reading

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‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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House prices stabilise over August

UK house prices remained stable over August, suggesting the blistering pace at which they were shooting upwards could have eased over recent months, Britain’s biggest mortgage lender, Halifax, revealed in today’s freshly published data.

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BoE governor indicates real wages will increase by mid-2015 – What does this mean for Interest Rates?

Mark Carney has indicated that wages will rise in line with inflation “around the middle of next year”, from when they are speculated to outstrip inflation, in a speech to delegates at the Trade Union Congress (TUC).

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Bank of England retains its base rate at 0.5% amid pressure due to the UK’s current period of economic growth

The Bank of England’s Monetary Policy Committee (MPC) has voted to retain interest rates at 0.5% for the 66th consecutive month, reflecting its lack of conviction in the durability of the economic growth the UK is currently undergoing.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages Tags: , , , , , 1 Comment