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BBCNEWS Nicky Campbell June 4, 2024 09:00:00 - Vimarsana News

BBCNEWS Nicky Campbell June 4, 2024 09:00:00

And you know what we are talking about this morning, we are talking about this morning, we are talking about interest rates. is it a right to raise rates again. it will be the 13th time in a row. interest rates were 0.1% in december 2021. remember those heady days? here we are in june 2023, predicted to go up to at least 4.75, maybe even 5%. more and more people are falling on that fixed rate cliff, more and more people are being affected by this if they have tracker mortgages. maybe you fixed for ten years. well, good on you! get in touch. are they right to raise rates?

BBCNEWS Nicky Campbell June 4, 2024 08:39:00 - Vimarsana News

BBCNEWS Nicky Campbell June 4, 2024 08:39:00

Today. but we began to get into the personal, into the heart of your lives, and i think that's the important thing for those who make these decisions to hear. so do get in touch and tell us how all this is and how all this will affect you, what we are going through at the moment. kevin peachey, we get to the decision at noon and we don't know what it is going to be. it could be 4.75, it could be 5%. i was speaking to faisal yesterday, our economics editor, and he said it will not be unanimous. editor, and he said it will not be unanimous-— editor, and he said it will not be unanimous. ., ., ...

BBCNEWS Nicky Campbell June 4, 2024 08:00:00 - Vimarsana News

BBCNEWS Nicky Campbell June 4, 2024 08:00:00

Morning. welcome to the nation's - morning. welcome to the nation's phone _ - morning. welcome to the nation's phone in. _ from 10:00 — professor sir chris whitty, england's chief medical officer, is set to appear at the covid inquiry and answer questions about the country's response to the pandemic. we'll bring you that live. but from 9:00, is it right to raise rates? at noon the bank of england is expected to announce its raising interest rates for a 13th consecutive time. june 2023 elected to be at least 4.75, maybe 5%. but higher rates means further pain for homeowners — especially if ...

BBCNEWS Politics Live June 4, 2024 10:35:00 - Vimarsana News

BBCNEWS Politics Live June 4, 2024 10:35:00

8% to 4.75, and eventually, to five .25. i think that they will probably do a 0.5 increase to 5%. tomorrow. and i think that it may have to go above 5.25% in order to solve the inflation problem in the uk. the knock—on effect for households, most obviously, comes to higher mortgage rates which have already soared above 6% in the last few weeks. this suggests that that 6% rate is not going to disappear anytime soon, it is something households are going to have to get used to. more is something households are going to have to get used to.— have to get used to. more pain on the way for _ have...

BBCNEWS Breakfast June 4, 2024 05:35:00 - Vimarsana News

BBCNEWS Breakfast June 4, 2024 05:35:00

Much depends inflation, it did dip under 10% finally last month but not coming down as much as many economists were expecting, meaning that we are expecting another hike in interest rates, maybe to 4.75% on thursday. we spoke to ian in dorset and his five year deal ends soon which coincides with his son starting nursery. like so many people, our home budgets are already incredibly tight, very well—planned — quite meticulous with every penny pretty much accounted for. so, suddenly, this means we are having to find extra money where there isn't necessarily any extra money to be found and the...