Following on from last month where Mark Carney announced that base rate would stay at 0.5% until unemployment falls below 7%, Deputy Governor - Charlie Bean has announced that it will not be raised in the near future.
BoE sends 'clear signal' interest rates will be held | News | Mortgage Strategy
It will be interesting to see how banks react to this as standard variable rates do not have to fall in line with base rate as we recently saw with the Bank of Ireland.
BoE sends 'clear signal' interest rates will be held | News | Mortgage Strategy
It will be interesting to see how banks react to this as standard variable rates do not have to fall in line with base rate as we recently saw with the Bank of Ireland.
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