Good news for anyone with a tracker of discount rate that tracks the Bank of England base rate.
The Bank of England’s monetary policy committee has voted unanimously to keep the base rate at 0.75 per cent.
The MPC, according to the minutes, believes that the economic outlook hinges “significantly” on Brexit, and is prepared to respond to its outcome in a way that “would not be automatic and could be either direction.”
Worried about interest rates increasing? Speak to one of our mortgage advisers about Fixed Rate mortgages.