January 2008
Rates held once more!
23 January 2008
The Bank of England have voted 8 – 1 in favour to hold interest rates at 5.5%. Many people in the industry expected to see a cut to 5.25% but it seems concerns over the increasing cost of oil and energy bills have forced the MPC to hold interest rates under concern that inflation will rise. Therefore watch this space next month to see what happens next!!
‘Your home may be repossessed if you do not keep up repayments on your mortgage’
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