Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bank of England Raise Interest Rates in 10 years


November, 03 2017
watermark Economic news

After more than a decade, the Bank of England decided to implement interest rate hike. The bank lifted its rate from 0.25% to 0.5%, as the first raise was recorded since July 2007. It is possible that the central bank will have two more increase in the next three years, according to Bank Governor Mark Carney. This action reversed the reduction in August 2016 that was made during the referendum vote to leave the EU.

 

There are nearly four million households that dealt with higher mortgage interest payments on the back of the rate hike but should provide decent returns to the savers. There are around 45 million savers in the country and for those who will consider purchasing an annuity for their retirement will obtain better agreements. While families who hold variable rate mortgage will be regarded as the main losers.

 

Moreover, the bank assessed that there are nearly two million mortgage holders that have not yet experienced interest rate hike since after the taking out the mortgage. There are seven out of nine officials who favored for higher interest rates.

 

The British pound declined by 1% versus the American dollar and the single European currency, while there are few investors hoping for further clues about the possible next raise. The GBP was reduced by more than a cent versus the mentioned major currencies to $1.3130 and €1.1280 accordingly.

hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.