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bank-of-england

UK Interest Rates Now at 1%

· 05 Feb '09 ·
The Bank of England decided to lop another 0.5% off the base interest rate taking it to a low of 1%. Sadly, I don't think this is going to have much of an effect in helping the economy to recover. Money isn't expensive, it's just hard to get hold of. Lowering the interest rates to silly levels isn't going to ...
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UK Interest Rate Now At 2%

· 04 Dec '08 ·
Woohooo!!! The Bank of England decided to lop off another whole 1% off the base interest rates taking them down to a level not seen since 1951. Now all we need is for Nationwide to pass on the whole 1% cut, even to those with collared tracker mortgages like Claire and I have.
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UK interest rates slashed to 3%

· 06 Nov '08 ·
I've nearly had a heart attack. I've just learnt that the Bank of England have slashed 1.5% off the UK interest rates bringing them down to 3% - the lowest since 1955. Crap for your savings, but brilliant if you've got a tracker mortgage like Claire and me.
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