Bank of England hints at future interest rate rise – but holds rates at 0.25%
Bank of England hints at future interest rate rise. Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow.
UK inflation rate remains negative in October 2015
The Consumer Prices Index (CPI) measure of inflation remained at -0.1% in October. Farrell Financial Planning are independent financial advisers based in Glasgow.
UK inflation rate falls to 0.5% in December 2014
The Consumer Prices Index (CPI) measure of inflation fell to 0.5% in December, according to the Office for National Statistics. Recent oil and petroleum price reductions are reported to have fuelled this reduction.
UK inflation rate falls to 1.5% in May 2014
The Consumer Prices Index (CPI) measure of inflation fell to 1.5% in May. Farrell Financial Planning are independent financial advisers based in Glasgow.
How would a UK interest rate rise affect people?
Interest rates could rise sooner than markets currently expect. For some people this will be welcome news, for others this may cause great concern and many will be wondering what all of the fuss is about.