"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 20 7 2007
| UK Interest Rate: 5.75% UK Interest Rates Forecast: Increase to 6% likely later this year Bank of England MPC Vote 6-3 for July Rise - Is the End Near? The minutes of the July meeting of the Bank of England Monetary Policy Committee meeting were published this week, revealing a more dovish outlook than previously seen. Although the committee voted 6-3 in favour of the rise in base rates to 5.75%, there was a sense that further rises may not be so inevitable. John Wraith, interest rate strategist at RBS, took the view that the minutes signalled that the end of the rises might be in sight: "It's becoming a more even debate and reflects the view they're nearly done: we're not talking about several further tightenings ahead." Most analysts still believe that a further rise to 6% is likely later this year, but the likelihood of further rises is unclear. Oil Prices Help Push Inflation Upwards Although interest rates might be nearing their peak, inflation is proving stubbornly resistant, not least thanks to record oil prices. There are concerns that this could lead to as much as a 0.5% increase in inflation in the coming months - and although high oil prices ultimately lead to a reduction in consumer spending, the rise in inflation could support the case for further interest rate rises. The markets are expecting oil prices to stay high for the rest of the year, and Karen Ward, chief UK economist at HSBC believes this could lead to higher rates for everyone: "Unless it's very clear that consumers are reacting to higher rates and higher prices, then the Bank of England are going to take a hard line, and there will be more rate hikes on the back of it." |
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
Interest Rates Forecast to 13/4/07
Interest Rates Forecast to 20/4/07
Interest Rates Forecast to 27/4/07
Interest Rates Forecast to 4/5/07
Interest Rates Forecast to 11/5/07
Interest Rates Forecast to 18/5/07
Interest Rates Forecast to 25/5/07
Interest Rates Forecast to 8/6/07
Interest Rates Forecast to 15/6/07
Interest Rates Forecast to 22/6/07
Interest Rates Forecast to 6/7/07
Interest Rates Forecast to 13/7/07
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 |