Monthly Archives - November 2017

Interest rate tracking feature poised for future increases

Today's announcement by the Bank of England Monetary Policy Committee ends months of speculation about the timing of the first base-rate increase for more than a decade.  The rate has risen from 0.25% to 0.5% pa.  The previous increase was as long ago as July 2007 when the rate moved from 5.5 to 5.75% pa. REAL Income Bonds offer investors a base-rate tracking feature.  The Bonds' marginal interest rate of 3.5% tracks any changes in base rate between 0.5% and 5% [...]