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07/08/2013
Bank Of England To Hold Interest Rate
The interest rate will be held until the jobless figure drops below 7%, the Bank of England have announced.
Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level.
Currently the UK unemployment rate stands at 7.8%.
Mr Carney went on to say that the 7% figure was not a target, but a "way station" where the bank would re-evaluate interest rate figures.
(MH/CD)
Making the announcement bank governor Mark Carney said he estimated some 750,000 jobs would need to be created to reduce the unemployment figure to such a level.
Currently the UK unemployment rate stands at 7.8%.
Mr Carney went on to say that the 7% figure was not a target, but a "way station" where the bank would re-evaluate interest rate figures.
(MH/CD)
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The Bank of England has announced it is to hold the base rate of interest at 0.5% for the fourth month in a row. However, the Monetary Policy Committee (MPC) surprised markets by stating there will be no expansion of its quantitative easing (QE) scheme in order to stimulate the economy.
05 February 2009
Mortgage Lenders Vow To Pass Further Interest Rate Cuts
Four of the UK's biggest mortgage lenders have vowed to pass on the interest rate cuts, which were today announced by the Bank of England (BoE). The bank said the rate cuts, and government measures to boost the economy, "would provide a considerable stimulus to activity as the year progressed".
Mortgage Lenders Vow To Pass Further Interest Rate Cuts
Four of the UK's biggest mortgage lenders have vowed to pass on the interest rate cuts, which were today announced by the Bank of England (BoE). The bank said the rate cuts, and government measures to boost the economy, "would provide a considerable stimulus to activity as the year progressed".
30 September 2008
Tesco's 10% Profit Growth Amid Weak Economy
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12 October 2009
Remortgaging Continues To Decline
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Remortgaging Continues To Decline
The mortgage market is on two speed settings, as house purchase lending continues to recover but remortgaging continues to decline, according to the latest data released by the Council of Mortgage Lenders (CML). The number of house purchase loans in August (53,000) is down 5% from July but 29% higher than August a year ago.
16 January 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
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