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Mark Carney interest rate guidance is welcome news for homeowners

POSTED: 7th August 2013
IN: Newsroom
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Bank of England Governor Mark Carney today announced that interest rates will remain at record lows until unemployment falls below seven percent, which the Bank of England itself forecasts for 2016.

Commenting on the announcement, Residential Mortgages Managing Director at Aldermore, Charles Haresnape, said:

"Today's announcement is welcome news for homeowners, providing some much-needed guidance from the Bank on where rates are going.

"Whilst nothing is ever certain in today's economic climate, given forecasts suggest it will be 2016 at the earliest before rates rise, homeowners will be looking more closely at longer-term fixes or to choose a tracker for the foreseeable future."

 

**Ends**

 

For further information journalists can contact:
Mike Robb, Cicero Group, michael.robb@cicero-group.com, +44 (0) 7572 730123

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