UK interest rates stay on hold at 0.5% - AAD Consumer Forum

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5corpio started a blog post UK interest rates stay on hold at 0.5%
8 September 2011, 11:08

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UK interest rates stay on hold at 0.5%

UK interest rates stay on hold at 0.5%

Originally posted by 5corpio

UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee (MPC). Concerns about the strength of the economic recovery meant economists had expected rates to remain unchanged. The Bank also said it would not be extending its £200bn programme of quantitative easing. Earlier, Bank figures showed that savers have missed out on £43bn due to low interest rates. However, mortgage borrowers have gained £51bn.

Incomes

Those who rely on the interest on savings for an income, such as some pensioners, have suffered as a result of low rates. However, many families with mortgages have....Click HERE to read more
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