Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

Bank of England holds interest rates at 0.5%

7th January 2010 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, comments on today’s decision to hold interest rates at 0.5%:

"It is no surprise that the Bank of England has decided to keep interest rates at the all-time low of 0.5% this month. However, there remains a possibility that there may be some movement on interest rates this year, but probably not until well after September at the very earliest, if at all this year. If rates do rise this year, we expect the end of the year base rate to be no higher than 2%.

“Rates are likely to remain low for a considerable period of time in order to allow the economy to start to grow again significantly. This may well lead to a period of excess inflation above the current target of 2% but there is unlikely to be any intervention by the Bank of England straight away.

“Growth in the economy will lead to increased taxes, and this will enable repayment of the National debt, so there is a plus side to the Bank of England driving the economy forwards in another credit driven boom cycle and this is why we think base rate policy will remain cautious in the medium term at least.”

-ENDS-

Notes to Editors

About Assetz plc

Assetz plc heads up a group of well-known and successful property investment and development companies, delivering carefully selected UK and overseas property as well as property funds, financial planning, education, finance and after-sales service. Assetz offers expertise and peace of mind whether a buyer is seeking an investment or a residential property.

Assetz: 0845 400 9000 or visit www.assetz.co.uk

For further information please contact:

Suman Hughes or Helena Flack, The Wriglesworth Consultancy:

020 7427 1400 s.hughes@wriglesworth.com h.flack@wriglesworth.com

Stuart Law, Chief Executive, Assetz plc: 07977 982 401 stuart.law@assetz.co.uk

Chief Executive’s Blog: http://investors.assetz.co.uk/blog/archives.php


This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5037.html. Alternatively, please see our full press release archive.

Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz USA Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker