18. Aug, 2017

Interest rates going nowhere anytime soon...

Some 21% of brokers think the base rate will be increased by the end of 2017, according to a broker sentiment poll carried out by United Trust Bank.

However, a majority of 76% believe there’ll be no increase in 2017.

The results come following the revelation that the Bank of England’s Monetary Policy Committee (MPC) voted 6-2 in favour of keeping the Base Rate at 0.25%. The Base Rate has now been at 0.25% for a full year since being reduced shortly after the EU referendum.