Experts in Business

Newsflash…..BoE reduces base rate to 2%

The Bank of England has today voted to reduce the Bank Base Rate 1.0 percentage points to 2.0%…. the lowest rate in over 50 years. The Council of Mortgage Lenders has welcomed today’s rate cut, and believe “it will help the wider economy, even if it cannot be reflected universally in lower mortgage rates.” The impact this [...]

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Bank of England and Libor Rates

Following the recent 1.5% base rate cut by the Bank of England, the cost of inter-bank lending also decreased quite dramatically by falling over 1% to 4.49%. The LIBOR rate is the rate at which the banks lend to each other is related to the cost of mortgages to customers, and we are hoping that this [...]

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