LONDON PROPERTY LOSES ITS LEADING PRICE GROWTH RATE The latest data released by The Land Registry, showed that contrary to historical precedent, London residential property over the past few months registered one of the slowest price growth rates in the country at 2.8% in the year to July 2017. This represents the eighth consecutive month […]
BANK OF ENGLAND IN RATE RISE HINT The Bank of England (BoE) has signalled that the UK’s first interest rate hike in more than a decade may be fast approaching. While the minutes of the latest Monetary Policy Committee (MPC) meeting on 13 September showed a 7-2 majority in favour of keeping rates on hold […]
INTEREST RATE SAGA CONTINUES When, in early August, the Bank of England (BoE) Monetary Policy Committee (MPC) voted 6-2 to leave base rate at 0.25%, a long-running interest rate saga continued. It began in March 2009, when the MPC cut base rate to a mere 0.5% to help borrowers, banks and the economy after the […]
