"The Easy Way to Get Your Best UK Mortgage" |
|
| Helping
over 300,000 people a year find the right mortgage NINE YEARS ONLINE |
|
|
|
|
||||||
|
|
UK Interest Rates Forecasts and Predictions for Home and Property in the UK at 13th April 2007
| UK Interest Rate: 5.25% UK Interest Rates Forecast: Further 0.25% rise likely in April or May A mixture of news this week, all pointing at the likelihood of another rate rise by midsummer's day. Falling Energy Bills Could Lead To Interest Rate Rises Bank of England MPC member Kate Barker has said that falling gas and electricity prices over the next few months could strengthen the case for further interest rate rises. She made the comment on a visit to businesses in Norfolk and Suffolk, saying that reductions in energy prices could result in people's spending power increasing, leading to increased inflation concerns. Ms Barker went on to say that "…the next few months are going to be an interesting time for inflation." Bank of England Governor Suggests Further Rise Likely The Governor of the Bank of England, Mervyn King, has said that he sees "no clear reason" for the Bank's Monetary Policy Committee to deviate from the forecast it published in the last quarterly inflation report. This showed that inflation would fall to 2 per cent within the 2 year target period, but that to achieve this, the base interest rate would need to rise to 5.5 per cent in the second quarter of 2007. King made the comments whilst meeting with the House of Commons Treasury Select Committee. Economists Vote For May Rate Rise In a poll of 60 leading economists conducted by Reuters on the 22/23 March, 58 per cent said that they expected the base rate to rise to 5.5 per cent in May, while only 18 per cent expected a rise in April. This represents a considerable shift on the previous poll, which was split 21:22 between April and May. Jeremy Stretch, at Rabobank, attributed the shift in opinion to the publication of March's MPC meeting minutes, saying that "It was a toss up between April or May until the minutes". The minutes revealed that more MPC members than expected had voted to hold rates unchanged in March, with none voting for an increase. |
Latest Interest Rates Forecast in the UK
Interest Rates Forecast to 10/10/06
Interest Rates Forecast to 20/10/06
Interest Rates Forecast to 27/10/06
Interest Rates Forecast to 7/11/06
Interest Rates Forecast to 22/11/06
Interest Rates Forecast to 27/11/06
Interest Rates Forecast to 3/12/06
Interest Rates Forecast to 10/12/06
Interest Rates Forecast to 17/12/06
Interest Rates Forecast to 22/12/06
Interest Rates Forecast to 29/12/06
Interest Rates Forecast to 5/1/07
Interest Rates Forecast to 12/1/07
Interest Rates Forecast to 19/1/07
Interest Rates Forecast to 26/1/07
Interest Rates Forecast to 2/2/07
Interest Rates Forecast to 9/2/07
Interest Rates Forecast to 16/2/07
Interest Rates Forecast to 23/2/07
Interest Rates Forecast to 2/3/07
Interest Rates Forecast to 9/3/07
Interest Rates Forecast to 16/3/07
Interest Rates Forecast to 23/3/07
Interest Rates Forecast to 30/3/07
Interest Rates Forecast to 6/4/07
Click here to go to the Home page and find out more information about UK Mortgages, UK Mortgage Quotes, UK Morgage Finance, Interest only mortgages (even with bad credit) or Home Insurance Policies Quote.
Browse over 200 Free Mortgage TipsYour Complete Guide to UK Mortgages Find Out How to Win the Race to Buy Your Home - Home Buyers Guide Learn How to Save ££s by Remortgaging Read the Insider Info on Home Insurance Site Help |
 |  |  |  |
|
©Moneysorter Ltd. Office registered in England, Company Number: 3891081, VAT reg no 769 7245 74 Data Protection Register number Z4835056 Consumer Credit Licence 509896. This website is Approved by Cradon Investments Ltd Authorised and Regulated by the Financial Services Authority FSA No: 300505 |