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Interest rates kept on hold again

20 June, 2019

Today it was announced that the Bank of England Monetary Policy Committee would be keeping interest rates at 0.75% – the 10 month in a row that they’ve stayed at this level.

The underlying message by the Bank was that there were still a lot of uncertainty around Brexit – particularly if the UK leaves the EU with no deal – as well as global trade tensions which was causing volatility in the economy.

Analysts say that this uncertainty means there is less likely to be an imminent interest rate hike.

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Censeo Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

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