LONDON [20-09-06 shakespearefinance.co.uk] – The Bank of England announced last week that it would be freezing the headline rate at 4.75 per cent for September.

Economists widely expected the bank to keep the rate unchanged following last month's surprise increase by a quarter of a percentage point.

Some analysts also suggested an increase is likely again in the coming months in order to keep inflationary measures in check.

Philip Shaw, an economist at Investec, told the Times: "Base rates remain likely to rise again. It would take some very poor news on the economy, very good news on inflation or both to stave off another increase."

However, with the festive season soon approaching, this seems to be the correct and opportune time to strike the perfect loans deal. With interest rates at a low all this month, this sure id one of the golden opportunities you should not miss if you intend to take out a loan in the near future.

Thanks, to stringent laws and rising number of lenders, it is becoming easier for the consumer to strike an unsecured or secured loans deal that weighs favourably towards them rather than the traditionally benefiting lenders.

Also, earlier this week the Organisation for Economic Co-operation and Development (OECD) told the monetary policy committee that it had revised its economic forecast to 2.8 per cent from the 2.4 per cent long-term growth rate. This would need reining in, comments the Guardian, which is another reason why analysts are predicting a further rate rise in November.

Hence, if you are looking for long-term benefits and liabilities, this sure is the correct time to jump in the loansbandwagon. Simply ride high with the high tide to make the most of September.