News

SALES NEWS: …which could lead to interest rate hike

05/09/14

The recent house price forecasts will be used by members of the Bank of England Monetary Policy Committee to help them decide when and whether to change base rate interest. Given the predictions, it’s perhaps not surprising that word on the street is that we are likely to see an interest rate rise before the end of the year – the first increase since March 2009. Nevertheless, property experts are urging the government and Bank of England to tread carefully and not risk killing the housing recovery. It’s a case of wait and see…

 

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