Tag: base rate
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Interest Rates Cut to Stimulate Edinburgh Property Market Post-Brexit Referendum
The Bank of England Monetary Policy Committee’s decision to cut interest rates is good news for property buyers and sellers in East Central Scotland, say local solicitors and estate agents. The Bank of England’s Monetary Policy Committee voted unanimously on 4 August 2016, to cut the Bank Rate (commonly referred to as ‘’The Bank of…
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Interest Rates Remain Unchanged as Confidence Grows in East Central Scotland Property Market
The Bank of England Monetary Policy Committee’s decision not to cut interest rates for the immediate future gives cause for confidence in the Scottish property market, say local solicitors and estate agents. The Bank of England voted on 14 July 2016, by a majority of eight to one, to keep the Bank Rate (commonly referred…
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Bank of England Announces Base Rate Won’t Go Up for Three Years
The Bank of England’s new governor announced that the Bank of England’s Base Rate was going to stay at its current historical low for the next three years, at least, earlier this month. What does this mean for you?