Viewing News
How to Complete a Consumer Duty Board Report posted by H3 on 2024-07-24 12:45:37 BST
New Consumer Duty Summary posted by H3 on 2022-07-15 11:23:01 BST
FCA Regulation Round-Up posted by Admin on 2021-09-17 16:45:50 BST
COVID-19 - Are all customers now vulnerable? posted by H3 on 2020-06-01 13:52:58 BST
Data Protection-Working From Home posted by H3 on 2020-05-22 09:51:24 BST
SM&CR - What do you need to do? posted by H3 on 2019-11-01 15:01:21 GMT
Top Compliance Errors on Mortgage Files posted by H3 on 2019-07-02 15:18:30 BST
Senior Managers and Certification Regime - Broker Summary posted by H3 on 2019-03-01 15:06:20 GMT
Insurance Distribution Key Requirements for Brokers posted by H3 on 2018-09-21 11:10:20 BST
Return to main news
Base rate remains unchanged...but for how much longer?
Posted by Admin on 2011-03-10 13:14:19 GMTThe Bank of England's Monetary Policy Committee has announced that base rate will remain at 0.5% making it a full two years since the rate was dropped to this record low level.
Some commentators have suggested that rates should now start to move upwards to stem off the inflationary pressures being seen within the economy, however the general consensus seems to be that a move before May is unlikely as this will give time for any changes announced in the Budget (due in just under two weeks on 23rd March) to be analysed. The Bank seems to be making it clear that it considers the risks from inflation, which it seems to consider a potentially short term issue due largely to external pressures and unlikely to be directly controllable through interest rate movements, secondary to the delicate recovery that (it hopes) is continuing within the wider economy.
