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0.5% Increase to interest rate

It comes as no surprise that when the Monetary Policy Committee met today they agreed to increase interest rates. It was almost a given that it would be a 0.5% increase.

Interest rates move to 1.25%

The Bank of England increased rates again today, from 1% to 1.25%. It was not unexpected and a further increase is anticipated next month. Whilst it does not have a significant impact for most it is adding up to a significant amount when you consider this is the 5th rise in recent months.

Interest rate moves to 1%

Another bleak day for borrowers, the interest rate is increased again to 1% following a 0.25% increase. As I have said before, there is more to come so act now to lock in a good rate if you are able.