Bank of England Keeps Interest Rates Low!
The Bank of Englands Monetary Policy Committee today agreed to maintain the official Bank Rate at 0.5%, the historical low introduced early on in the financial crisis.
The means the bank base rate has been set at this low rate since 5th March 2009 and with the continuing uncertainty in the Eurozone, could be likely to keep it this way for a while.
The Banks Committee also voted to maintain and not extend the asset purchase programme. This stands at £375 billion, which was increased to this level back on 5th July 2012.
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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