Interest rates unchanged
The Bank of England has just announced that it will leave interest rates unchanged at 5.5%.
Rates were expected to climb this month so, many mortgage holders will be slightly relieved.
Interest rates unchanged for another month…I dont think anyone will be complaining.
The next date for Interest Rate change will be the 5th July 2007. Last month saw an increase of 0.25% to the present 5.5%
This months Interest rates unchanged announcement follows an inflation rate of 2.8% with a target of 2%.
If you want tmore detail or want to get this info straight from the horses mouth Visit The Bank of England site for details of trends and explantions of increases and policy.