The Bank of England will decide today on whether to raise interest rates for the first time in three years
Industry body UK Finance estimates that 26% of residential mortgages are on variable rates, translating to around 2.2 million borrowers.
The 74% of home loans where rates have been fixed for a set period - which include 96% of those taken out since 2019 - will not be affected immediately. It found that on 25 October there were 82 fixed-rate mortgages available at 0.84% to 0.99% but that by Tuesday this week this had fallen to 22.Savers have been squeezed by ultra-low rates, which mean the value of their nest eggs is not keeping up with inflation.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The Guardian view on Bank of England: talking itself into a rate rise | EditorialEditorial: The governor blundered by suggesting an early hike – but the least costly option is to wait and see
Lire la suite »
Why is the Bank of England considering an interest rate rise?Rising inflation and winding down of Covid likely to weigh on central bank’s decision makers
Lire la suite »
US central bank is reducing its bond-buying programmeThe US central bank will reduce the $120bn a month support introduced to help the economy through the crisis.
Lire la suite »
Why is the Bank of England considering an interest rate rise?Rising inflation and winding down of Covid likely to weigh on central bank’s decision makers
Lire la suite »
The Guardian view on Bank of England: talking itself into a rate rise | EditorialEditorial: The governor blundered by suggesting an early hike – but the least costly option is to wait and see
Lire la suite »
Is a UK interest rate rise certain? Good questionAnalysis: contradictory data has split experts over whether the Bank of England will raise rates or not
Lire la suite »