Interest rate stays at 5.75 per cent by Finance News Bulletin

Published: 14/09/07

At yesterday's meeting of the monetary policy group, members voted to keep the rate unaffected, having lifted it by 025 proportion points on July 5thRay Boulger of independent mortgage adviser John Charcol supposed that the decision will be the first in many months to "bring applaud" to mortgage borrowers"[The] decision may well signify that tax have reached their peak and that the next movement in store rate will be downward, although not until next year," he continued

From a savings point of view, the Post Office warned account holders not to be "complacent" now that the rate has been held"A further base rate increase is predictable this year, so savers must make sure they are with a provider that will go by on any increases," supposed Richard Norman, the Post Office's head

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