Monetary Policy Committee decision on Thursday
December 16, 2016
The Monetary Policy Committee voted unanimously on Thursday to leave interest rates at 0.25% and asset purchases at £435bn, this was a decision very much expected by analysts.
The Bank of England (BoE) reiterated that it was ready to tighten or loosen policy if needed to respond to any changes in the economic outlook as Brexit deliberations continue.
The Bank said inflation may overshoot its 2% target by less than it forecast in November in light of the recent appreciation in Sterling.
You May Also Enjoy
Why 2026 is the Best Year to Invest in Dominican Republic Land
If you’re eyeing Caribbean real estate, 2026 offers an exceptional window to invest in Dominican Republic land. The country has emerged as the fastest-growing Caribbean economy, creating ideal conditions for land investors. Tax incentives, infrastructure projects, and rising international interest are converging at just the right moment. Whether you’re searching for beach land for sale…
Read More 
Property expert on how to bag the BEST mortgage deal in today’s market
Finding a good mortgage deal in today’s market demands more than just comparing rates. While the average 2-year and 5-year fixed mortgage rates have gone down this year, they’re still higher than rates pre-pandemic. This means those in their current homes will have to pay more than they once were each month, and new buyers…
Read More 
Halloween Named the UK’s Most Popular Moving Day of 2025
Halloween was the most popular day to move house in 2025, breaking the long-standing trend of summer being the busiest time for home moves. We analysed the data and spoke to industry experts to understand why the peak moving day has shifted and why it fell on an international holiday. Compare My Move reviewed more than 170,000 house moves made in 2025 and…
Read More 
Industry Response to Halifax House Price Index
Industry response to the Halifax House Price Index December 2025 The latest index shows that: – On a monthly basis, house prices fell by 0.6% between November and December of last year. Annually, house prices were up 0.3% versus this time last year, although this annual rate of growth had slowed from 0.7% the previous…
Read More 
Halifax House Price Index December 2025
House prices in December 2025 were 0.3% higher compared to the same month a year earlier. UK house prices dipped in December • House prices dipped by -0.6% in December, following a -0.1% fall in November • Average property price is now £297,755, the lowest since June • Annual growth slowed to +0.3%, down from…
Read More 
Homebuyer demand returns following Autumn Budget
New research from Property DriveBuy reveals that Bristol, Tyne & Wear, and South Yorkshire emerged as the UK’s most in-demand areas of the housing market following the Autumn Budget, with as many as 61% of homes listed for sale successfully securing a buyer in Q4 2025. Property Drivebuy analysed residential listings data across the nation…
Read More