Base rate stays at 0.5% for 18th month |
The Bank of England has held interest rates at 0.5% for the 18th month in a row. The hold on rates was widely expected, but there is an expectation that it won’t be long before the rate is increased in order to keep inflation in check.
Frustratingly for potential house buyers, the low base rate is combined with a high level of difficulty in arranging mortgages – although it would appear this is easing in recent months.
