The Bank of England was confident in its decision to hold interest rates at its last meeting. Minutes released from the monetary policy committee’s (MPC) meeting on June 8th show that members voted seven to one in favour of holding rates at 4.5 per cent. Only one member voted for a rise of 0.25 per cent, as the committee appeared…
Tag: Inflation
How Safe Are Shares Or The Forex
As an investment category, yes. All sorts of prudent and conservative institutions colleges, pension funds, foundations, trust departments invest in stocks. There is, technically, greater risk in common stocks than in the Forex. But as any experienced investor can tell you, there are many not-unusual situations in which a common stock can be viewed as a better safer investment than…
House Prices Cooling Not Falling
Recent reports from the local government and communities show that the latest house price index for homes in the UK are actually “cooling down” and not “falling” as first thought. This report does however show that there is still a large difference in price in London and the south east to the rest of the country. The report revealed that…
Inflation Worries Cause Mortgage Rates To Rise
Inflation worries, lead by reports of a jump in consumer spending November along with a rise in inflation during the same period, have caused major lending institutions to raise their 30-Year mortgage rates to above 6 percent. The average rate rose to 6.17 percent in some markets, compared with less than 5.96 percent just three weeks ago. Analysts points to…