Money markets continue to nudge down.
So on that basis, it is not looking likely we will see more than one base rate rise in the next 5 years as that is what is currently predicted. However, I feel that is an overly pessimistic view based on people’s opinions right now, so we may well see more than that. But whichever way you look at it, rates are stay very low, for a very long time.
In the last week:
3 Month Sterling Libor = down by 0.020% to 0.236%
2 Year SWAP = down by 0.038% to 0.271%
5 Year SWAP = down by 0.042% to 0.310%