Bank of England Keeps Interest Rates Low!
As widely expected the Bank of England today announced it would keep interests on hol at the all time low of 0.5%.
The Banks Monetary Policy Committe (MPC) also decided to keep the same level of quantative easing and not extending it past £200bn.
Winners and Losers
With interest rates at an all time low, the Banks earlier figures showed that savers ahev lost out on £43bn due to these low rates.
However the winners are obviously the mortgage borrowers, who have gained £51bn. This leaves a postive balance overall in the economy.
Julie is passionate about property – development, investment and portfolio planning. Along with husband Alec, Julie is actively building a property portfolio while helping others to do the same.
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