Base Rate

The Bank of England warns million of people would have to cut back spending if rates rise to 3%

Bank warns of financial risk to millions if rates rise to 3%

The Bank of England has warned that up to a third of the 1 million households with a mortgage would have to find extra work or cut back on spending.

Mark Carney, the Governor of the Bank of England

Bank puzzled by link between rising GDP and slow productivity

The latest minutes from the Bank of England's Monetary Policy Committee show the policy makers voted unanimously to keep base rate at 0.50% and QE at £375 billion.

The Bank of England says rates will go up slowly when they eventually rise

Bank of England's Dale likens UK housing market to microwave

The chief economist at the Bank of England, Spencer Dale has reiterated that interest rates will not go up until the recovery is sustained and real incomes are higher.

The BCC expects the UK economy to grow by 2.7% in 2014

UK economic output to reach new record high in 2014

The British Chambers of Commerce predicts the UK economy will finally surpass its pre-recession peak in the second half of 2014 and that interest rates will go up in late 2015.

No change in monetary policy at Threadneedle Street

Bank of England keeps rates at record low

The Bank of England has kept base rate at 0.50 per cent and kept the quantitative easing programme at £375 billion.

The Bank of England reiterated that rates may not go up straight after unemployment hits 7%

Bank of England suggests no rush to put up interest rates

The Bank of England emphasised that it may not raise interest rates from their record low immediately that unemployment reaches the 7.0% threshold under forward guidance.

Mark Carney, the Governor of the Bank of England

Bank of England keeps base rate at 0.5% and QE at £375bn

The Bank of England has kept base rate at 0.50 per cent and the QE programme at £375 billion as all eyes turn to next week's Quarterly Inflation Report and an update on forward guidance.

Will mortgage rates rose before 2016?

Bank hints that mortgage rate rise could come early

The latest minutes fro the Bank of England's Monetary Policy Committee show that unemployment is falling faster than anticipated meaning a mortgage rate rise could come earlier than expected.

The Bank of England has kept policy unchanged in October

Bank of England minutes suggest rate rise before 2016

The Bank of England's Monetary Policy Committee voted unanimously to keep base rate at 0.50 per cent and quantitative easing at £375 billion at its latest policy meeting.

Households expect interest rates to rise before 2016

Public think interest rates will rise within two years

A new survey suggests that the public are already inclined to treat the Bank of England's interest rate promise through forward guidance with a pinch of salt.

The Bank of England has kept monetary policy unchanged

No change to UK monetary policy after Bank of England vote

The Bank of England's Monetary Policy Committee has announced that base rate will remain at 0.50 per cent and the QE programme will stay at £375bn for a further month.

Homeowners can save by overpaying on their mortgage

Homeowners urged to overpay on mortgage while rates are low

New research by MoneySuperMarket shows the huge financial benefits of overpaying your mortgage compared to saving.

The West Brom BS has raised BTL tracker rates

Anger as West Brom raise BTL rates by 2% on "lifetime" tracker

Mortgage brokers and investors have expressed anger at the decision by the West Brom to raise buy-to-let mortgage rates by 2.0% on its "lifetime" tracker.

More QE from the central bank seems less likely

Bank minutes show further QE unlikely as economy picks up

The minutes from this month's meeting of the Bank of England's Monetary Policy Committee show that more QE looks less likely as no members voted for it as the economy showed improvement.

The Bank of England made no change to monetary policy in August 2013

Bank of England keeps base rate at 0.50% and QE at £375bn

The Bank of England's Monetary Policy Committee has decided to keep base rate at 0.50 per cent and the QE programme at £375 billion at the conclusion of its latest meeting.

The strength of the economic recovery could undermine Carney's forward guidance

Economic recovery puts pressure on Carney to raise base rate

The strength of the economic recovery risks undermining the Bank of England's policy of adopting forward guidance on interest rates.

Mortgages are at thei  most affordable for 14 years

Mortgages cheapest since 1999 but rates could be on the rise

The cots of a mortgage is at its most affordable since 1999 with the proportion of income spent on them by an average household down to 27 per cent, according to new research by the Halifax.

Mark Carney announced that the Bank of England will link base with unemployment

Bank of England adopts forward guidance on interest rates

The Bank of England has announced that it will adopt a policy of forward guidance by linking interest rates to unemployment and that rates will not rise until the jobless rate falls to 7.0%.

Mark Carney as new governor managed to unite the MPC

Bank of England makes no change to monetary policy

The MPC again voted to keep the base rate at 0.5 per cent, with quantitative easing (QE) remaining at £375 billion at its monthly policy meeting.

The Bank of England voted to hold QE at £375bn and rates at 0.50% in July 2013

MPC falls in line behind new governor Mark Carney

The Bank of England's Monetary Policy Committee presented a united front and voted 9-0 against more quantitative easing at the first meeting of new Governor Mark Carney.

A new report warns of the impact of a rate rise on UK homeowners

One million households in debt peril if mortgage rates rise

A new report by the Resolution Foundation has found that up to one million households face paying half of their disposable income on mortgage debt if interest rates rise to four per cent by 2017.

The first meeting of the monetary policy committee with Mark Carney as Governor has concluded

Bank makes no changes at Carney's first meeting of MPC

The Bank of England has kept base rate at 0.50% and quantitative easing at £375 billion in Mark Carney's first meeting of the MPC as Governor.

Carney takes charge at the Bank of England

No change to QE or rates expected at Carney's first MPC meeting

Mark Carney attends his first meeting of the Bank of England's Monetary Policy Committee today with no change expected to quantitative easing or interest rates.

Sir Mervyn King attended his 194th and final meeting of the MPC this week

No change in QE or rates as Sir Mervyn exits Bank of England

For the fifth month in a row the Bank of England's Monetary Policy Committee voted 6-3 against more QE with Sir Mervyn king once again on the wrong end of the vote in his final meeting.

Sir Mervyn King bows out as Governor of the Bank of England at the end of the month

No change to policy as King says leaving Bank in 'safe hands'

The Bank of England's Monetary Policy Committee has voted to keep the quantitative easing programe at £375 billion and base rate at 0.50 per cent at the conclusion of its latest meeting.

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