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October 6, 2011
 

Looking for a rise in interest rates?

A survey by moneysupermarket.com has found that 41% of Brits would like to see a rise in the Bank of England's base rate so they could get a better return on their savings.  A further 11% want the rate to go up in order to bring inflation under control.

However, 23% don't want the base rate to increase as it means their mortgage payments will go up and 24% think a rate rise would damage the economic recovery.

 

Source:  Credit Action October 2011 edition

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August 26, 2011
 

Interest rates unchanged until 2012, say economists

A majority of economists polled by the BBC expect interest rates to remain unchanged until next year.

Of the 32 forecasters, who are also regularly polled by the Treasury, 26 predicted that rates would not rise this year, and three predicted there would be no rate increase until 2013.

More than half expected the Bank rate to rise from its record low of 0.5% to at least 1.5% by the end of 2012.

The Bank rate has now been at a record low for more than two years.

Read the full article at bbc.co.uk

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