Bank Rate held for 25th consecutive month

Published on

The Bank of England Monetary Policy Committee (MPC) has once more voted for no change in Bank Rate it remains at 0.5%.

The MPC also left the amount of Quantitative Easing unchanged.

This means the Bank Rate has remained unchanged for the 25th consecutive month.

Last month, three of the nine-person Bank of England Monetary Policy Committee (MPC) again voted for a rate rise.

Ben Thompson, managing director of Legal & General Mortgage Club, said: “Springtime temperatures might be rising at pace but economic growth isn’t

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Green rent cap plan could squeeze buy-to-let affordability

Green Party proposals to restrict private rent increases for three years could make it...

Firms’ confidence in FCA rises as satisfaction hits 79%

Confidence in the Financial Conduct Authority has increased, with almost eight in 10 regulated...

Westmarq challenges surveying ‘duopoly’ as it targets lender business

Westmarq has challenged mortgage lenders to move more of their valuation business away from...

Advice firms step up technology use as integration remains key obstacle

Financial advice firms are taking a more proactive approach to technology, but integrating new...

Check launches mortgage readiness tool for prospective borrowers

Check.co.uk has added a mortgage readiness feature to its app, bringing together credit, affordability,...

Latest publication

Other news

Green rent cap plan could squeeze buy-to-let affordability

Green Party proposals to restrict private rent increases for three years could make it...

Firms’ confidence in FCA rises as satisfaction hits 79%

Confidence in the Financial Conduct Authority has increased, with almost eight in 10 regulated...

Westmarq challenges surveying ‘duopoly’ as it targets lender business

Westmarq has challenged mortgage lenders to move more of their valuation business away from...