Roberts Financial - Bank Of England votes to keep base rate at 5.25%

Bank Of England votes to keep base rate at 5.25%

The Bank of England has held the Base Rate at 5.25%, for the first time since beginning to raise the Rate in December 2021.
The Bank of England has opted to hold the Base Rate at 5.25%.
The BoE Base Rate being held at 5.25% was predicted in the markets after inflation was announced to have dropped to 6.7% in August.
Inflation may be falling but prices are still rising and affecting households differently. This inflation rate calculator can show you how you might be affected: https://www.bbc.co.uk/news/business-62558817
Annuity rates are based on the long-term price of government bonds which in turn are closely linked to the long-term expectation of the Base Rate. Now may be the time to lock in your annuity rate.
With the Bank of England holding the Base Rate at 5.25%, diversification can help you through market uncertainty that may emerge.
Is now a good time to remortgage as the Bank of England base-rate stays the same? It’s a good time to talk to us. We can help you navigate the mortgage market effectively and find the right deal for you. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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