THE Bank of England will leave British interest rates at a record low until at the
THE Bank of England will leave British interest rates at a record low until at the very least next year — as stuttering global growth and inflation nowhere near target ties the central bank’s hands, a Reuters poll has found.
It has just been reported that home buyers in April paid the lowest interest rates ever on their mortgages. Now some Bank of England officials have even discussed the possibility of a cut to the base rate below its current 0.5 per cent level — especially in the aftermath of a “leave” vote in the forthcoming EU referendum.
Bank governor Mark Carney has labelled the June 23 referendum the “biggest domestic threat” to financial stability — a claim disputed by Vote Leave campaigners.