Interest rates remain static – will this affect you?
Interest rates are set to remain at 5% until after the Government’s Budget at the end of October.
The Bank of England confirmed on Thursday (September 19) the rate would remain static, with inflation remaining stubbornly at 2.2% and above the ‘magic’ 2% target.
At its latest meeting, the bank’s Monetary Policy Committee (MPC) voted by...
Rising interest rates – act now if you need a new deal
As was widely predicted, the Bank of England (BoE) raised interest rates by half a percentage point to 5% on Thursday in its ongoing attempts to reduce inflation, which now stands at 8.7% after not dropping as expected.
While the CPI (consumer price index) for inflation dropped into single figures in April, it has stayed...