Rates stay put for September
The Bank of England has today (06/09/07) decided to keep interest rates at 5.75%. Rates have not risen since July, but that was the fifth rise in 12 months. Earlier this year, many economists had predicted that interest rates would rise to 6% towards the end of 2007, but the current problems in financial markets are making that less likely.
This is good news for homeowners and borrowers alike who may be already stretched at 5.75%