Loan news: 0% base rate a possibility

11 December 2008
As the economy deteriorates, many economists expect interest rates to hit 1% or even 0% before long. For people looking for a loan, this might be good news. ... read more »

Bank of England base rate cut to 2%

4 December 2008
The Bank of England today lowered its base rate to 2% – the lowest rate in over half a century.... read more »

Base rate cut to historic low of 1.5%

8 January 2009
The Bank of England’s Monetary Policy Committee has announced a further cut to the base rate, taking it to 1.5% – the lowest rate since the Bank was founded in 1694.... read more »

Bank of England base rate: how are mortgages affected?

3 December 2008

The Bank of England’s base rate is a very important figure at the heart of the UK economy. It determines how expensive it is for banks to lend and borrow money, and it influences interest rates on consumer loans and saving accounts.

With the current economic situation looking uncertain, there has been much talk about which way the base rate will go. On the one hand, the Bank of England recently dropped the base rate to encourage mortgage lenders to offer cheaper deals and reignite demand for mortgages.

Economists await Bank of England base rate decision

4 March 2010
The Bank of England`s Monetary Policy Committee (MPC) is set to announce its next base rate decision at midday today (Thursday 4th March).... read more »

Base rate at 0.5% for 12th month

4 March 2010
The Bank of England has decided to keep its base rate unchanged, meaning it has now been at 0.5% for a year.... read more »

Loans: base rate expected to stay unchanged

6 April 2010
The Bank of England is expected to keep its base rate at 0.5% after its Monetary Policy Committee meeting this week, according to the Daily Mail.... read more »

Economists not banking on base rate increase

7 April 2010
The Bank of England is expected to keep its rate at 0.5% for another month in tomorrow`s Monetary Policy Committee announcement, according to the Daily Mail.... read more »