UK Base Rate Unchanged, other countries start to raise.
08.10.09As widely expected, the Bank of England have left base rate unchanged at the historically low level of 0.5%. Despite some speculation regarding Quantative Easing, the Bank decided to continue with the current £175bn programme, although a further £25bn later this year cannot be ruled out. Read the full article on Bank of England Interest Rate Decision.
Written by Andrew Montlake
Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.
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