Homeowners should benefit from another reprieve on interest rates this month, with the Governor of the Bank of England having warned that rate hikes would only worsen the “massive” economic challenges faced by highly indebted economies. Addressing the European Parliament’s Systemic Risk Board yesterday, Mr King said: “The economic consequences of high-level indebtedness now would [...]
Governor
BoE governor committed to low interest rates
As homeowners on lenders’ standard variable rates increasingly seek out fixed-rate deals to offset the threat of a rise in the base rate, the Governor of the Bank of England has reaffirmed his commitment to keeping interest rates low.
Speaking in Newcastle last night, Mervyn King admitted that inflation could rise to 5% during 2011 (currently [...]
