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MSE_Helen wrote: »
This is the discussion thread for the following MSE News Story:
Read the full story:Base rate held at 0.5% again
Mr_h wrote: »
Hmm. I suspect that the MPC will be increasing the Base rate this May.
This is because NS&I will be offering a new issue of index-linked savings certificaes this May, i.e. they will be re-introducing them, and (according to MoneyWeek) everytime the MPC changes the base-rate, NS&I are obliged to offer a new issue of index-linked savings .
Aegis wrote: »
Ultimately the MPC will raise base rates when they feel the time is right, not just because NS&I issue a new product.
blades123 wrote: »
By keeping the rates the same it is really affecting the value of the pound, esp the exchange rate between the pound and the Euro. The euro has raise it's interest rates to 1.25% making it more attractive offer than the pound. There will be a lot of annoyed holiday makers this year when their pounds are worth even less on the mainland
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