The Bank of England interest rate fell to 0.5% on 5 March 2009 and has not changed since. After 64 months no one has any idea when the rate will rise. Experts, including the Governor of the Bank of England, give us their predictions.
Later they come back and explain why they were wrong. It is usually because of events they could not have known about. Fancy that!
All aspects of our finances depend on the Bank of England interest rate, whether we are borrowers with a mortgage to pay or savers using capital to boost income or saving for their future pensions. In the meantime the stock market is high and experts cannot agree if it will go higher or when it will drop. With so much conflicting information how do you make sense of it?
There may be steps you can take to help your personal situation. Call me if you are looking for someone to help you make sense of the confusion.