July 2011

UK interest rates unlikely to rise until 2014, “at the earliest”

Interest rates will not rise until 2014 “at the earliest,” experts have suggested, after the Bank of England said it is unlikely to change its monetary policy stance soon.

The July minutes of the Bank’s Monetary Policy Committee (MPC) showed members voted seven to two to hold rates at 0.5%, with it saying that recent economic data makes it unlikely it will raise rates in the near term.

The news came a day after Woolwich launched its cheapest mortgage deals for 15 years, reducing rates on a third of its fixed and tracker mortgages.

Luxury 2 Bed Apartment in the heart of Fitzrovia

Situated on the fourth floor of an impressive period building (with lift) on Berners Street, Fitzrovia (just north of Soho), this stunning two bedroomed apartment boasts a huge loft style reception / kitchen area. Excellently located only minutes from Charlotte Street, Soho, Marylebone and Mayfair.

The property comprises two large bedrooms, two bathrooms, kitchen with full range of appliances and excellent storage.

Berners Street enjoys a prestigious location in Fitzrovia within easy reach of Soho, Charlotte Street and the West End.

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