BoE warns of negative interest rates to come

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The Bank of England’s Monetary Policy Committee has told lenders to prepare for negative interest rates in six months' time.

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Main image: The Bank of England held rates at 4.5% last week and most five-year fixed-rate deals remain above 4%

News

The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 8-1 to keep the Bank Rate at a deeply low 0.
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"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%
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"A proportional property tax would be a disaster" declares Anthony Browne - MP for South Cambridgeshire, a member of the Treasury Select Committee, and a former Europe correspondent at the Times and environment…