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Bank of England keeps base rate at 0.5%


The Bank of England Monetary Policy Committee has voted to keep base bank rate at 0.5 per cent. 

The MPC vote was unanimous. 

Last month, the MPC hiked the base rate from 0.25 per cent to 0.5 per cent. 

Santander UK chief economist Frances Haque says the move was “expected”. 

He adds: “Financial markets and economic commentators had not been expecting the MPC to increase rates again when it met, with the consensus view that the MPC would hold off making any further increases in 2017. 

“A clear point of interest in the coming months will be when the next hike is likely to come to meet this steady approach, with commentators holding differing views on when this might occur in 2018.” 



Opinion: Variable or fixed mortgages after base rate rise?

The recent report that Yorkshire Building Society has seen an upswing in demand for variable rate mortgages since the Bank of England raised base rate might at first seem counter-intuitive. However, I believe that there are good reasons behind this phenomenon. The Prudential Regulatory Authority sets rules on how much lending can be undertaken by […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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