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Bank of England: Net mortgage borrowing surged in May mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
BoE hold base rate at 0.1% | Mortgage Introducer mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has held interest rates at 0.1% and predicted that the economy will recover quicker than expected as the UK eases its way out of COVID-19 restrictions. The BoE has lifted its forecasts and expects annual average GDP growth of around 7.25%, compared to its projection of 5% back in February. It now projects that the economy will be back at pre-COVID levels by the fourth quarter of 2021. Frances Haque, Santander UK chief economist, said: “The MPC’s decision to leave Bank Rate unchanged at 0.1% was expected given the path for lifting restrictions continues on track, along with a fall in infection rates supported by the swift rollout of the COVID-19 vaccination programme. ....
BoE: Mortgage borrowing up by record £11.8bn in March mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
The Bank of England’s Monetary Policy Committee (MPC) has voted unanimously to hold the base rate at 0.1%. The Committee also voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £20bn and to continue with the programme of £100bn of UK government bond purchases. A statement from the central bank said it believes the outlook for the UK economy remains uncertain: “It depends on the evolution of the pandemic and measures taken to protect public health, as well as the nature of, and transition to, the new trading arrangements between the European Union and the United Kingdom. ....