There are some interesting predictions coming out right now, as you would expect at this time of year.
House prices in the UK are increasing and some experts are saying this might fuel a boom in our fragile economy, which is starting to show the green shoots of recovery.
Here in Camberley and surrounding areas, we have been fortunate that house prices are starting to bounce to the pre crash values of 2008, but will it last?
Here is an article from the Daily Telegraph’s Deputy Personal Finance Editor, which I think explains a great deal about those so called predictions and what they mean for us living locally.
Will interest rates rise, or mortgages fall? And what about our pensions and energy bills? Telegraph Money gazes into the crystal ball…
House prices in the UK are increasing and some experts are saying this might fuel a boom in our fragile economy, which is starting to show the green shoots of recovery.
Here in Camberley and surrounding areas, we have been fortunate that house prices are starting to bounce to the pre crash values of 2008, but will it last?
Here is an article from the Daily Telegraph’s Deputy Personal Finance Editor, which I think explains a great deal about those so called predictions and what they mean for us living locally.
Will interest rates rise, or mortgages fall? And what about our pensions and energy bills? Telegraph Money gazes into the crystal ball…
Interest rates
It is fast approaching five years that interest rates have been at 0.5pc – a record low in Britain. The policy has been a deliberate attempt to stimulate economic recovery, making it cheaper to borrow. But there have been negative side effects, such as driving savings and pension-payout rates to the floor.
The Bank of England, which sets the Bank Rate, knows that slightly higher interest rates are more sustainable in the long term. The question is, when will it make the move to change them?
In early December, the money markets, which reflect traders’ expectations for the Bank Rate, suggested a first rise midway through 2015. This forecast has since edged slightly earlier.
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