Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK Interest Rates Expected To Remain At 5%

The puzzle which is the future direction of UK interest rates is unlikely to become any clearer when the Bank of England meet later this month. A recent poll of 71 analysts saw a resounding 69 voice the opinion that rates will remain unchanged this month, with only 2 expecting a reduction in the headline rate. The main problem seems to be the continuing rise in inflation which is nudging towards the 4% level and looking as though it will pass through this summer.

As a number of experts have claimed, the Bank of England affectively has its hands tied because of the threat of increased inflation, despite the fact the economy is faltering and house prices are moving lower each month. This really is a doomsday like scenario for the UK authorities, desperate to reduce rates and try to stimulate the economy, while knowing that the devil of inflation is loitering with intent.

Quite how this will all pan out is anybody’s guess at the moment but it seems as though the situation will get worse before it gets better, something which does not bode well for home owners who are already struggling.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details