The UK Bank Interest Rate has been frozen at just 0.5% for the past six years, with recent forecasts suggesting that there may be no rise from that historic low until Autumn 2019 at the earliest, and some analysts even suggesting that could continue into the early 2020s.

Previous predictions were for a rise in December 2016, but the global economic downturn in the early part of this year has opinion formers adjusting their forecasts. According to a report in the Telegraph; “A year ago, a rate rise was considered likely by the end of 2015. Now markets are pricing in a 50pc chance of a rate CUT this year.”

The report goes on to say that; “Even after the first rise, the market is pricing in only very slow increases, far slower than seen in previous cycles of rising rates. A return to 3pc is not expected until 2025.”

If you would like to find out more information about the potential implications of long-term low interest rates on your personal finances, or make an appointment to work out the right strategy for 2016 and beyond, please call us 0800 731 7614 or e-mail

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