Month: November 2012

Base Rate Predictions – Long Term Low Rates


The most recent poll of economists predicts that bank base will remain at 0.5 % until mid 2015 at the earliest. There is an outside chance that the Monetary Policy Committee will cut the rate next next year although that is now thought less likely with more focus being placed on the Funding For Lending Scheme. Forecasts now predict the first rate rise, by 0.25 %, will be in January 2017 and that by September 2018 base rate will be 1 %.