The Bank of England has increased interest rates from their record low of 0.25% to 0.5%. Interest rates have been set at 0.25% since August 2016.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted 7 – 2 to increase rates.
Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow and do not give advice on inflation or future interest rate movements.
The services page of our website gives more information about the advice services that Farrell Financial Planning offer.
All information is correct as at 02/11/17.