Bank of England announces Bank Rate remains at 0.5%
December 15, 2017
The Bank of England announced yesterday 14th December 2017 that at its meeting ending 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.50%.
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion.
The Committee voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Read the Bank of England announcement published 14th December 2017 in full click here.
You May Also Enjoy
£2.7bn in Development Opportunities Across England
The latest research by specialist property finance lender, West One Loans, has shown that there are currently £2.7 billion worth of development opportunities in the current market, with the South West home to the highest proportion of potential plots available for developers to capitalise on. West One Loans analysed current land, plot, and site listings…
Read More Stabilising the property market ahead of Autumn Budget
As she prepares the October Budget, Daniel Austin, CEO and co-founder at ASK Partners writes this letter to urge the Chancellor to take decisive action now to stabilise the property market and build long-term economic resilience. Despite cautious optimism around initiatives such as Help to Buy and planning reform, the market remains stagnant amid persistent…
Read More Fresh water property hotspots outperforming wider market
Fresh water property hotspots see house prices climb at almost three times the national average The latest research from leading estate agent Yopa has found that house prices in areas surrounding the UK’s lakes, lochs, and reservoirs have grown at nearly three times the national average over the last year, with the annual rate of…
Read More Best Parks & Outdoor Spaces in St Albans for Weekend Relaxation
St Albans is a vibrant city renowned for its beautiful green spaces and parks, making it a perfect destination for weekend relaxation and leisure. With its rich history and stunning landscapes, visitors and locals alike are drawn to the serenity and beauty of St Albans’ outdoor spaces. Whether you’re planning a family outing, a peaceful…
Read More Retail investment bounces back as Bank Rate cut again
Demand to invest in retail commercial property is up by 35% compared to a year ago, shifting from being 15% down year-on-year in 2024 Overall demand to invest in commercial property is up by 20% as the interest rate environment improves, and the Bank Rate is cut for the second time this year Office sector…
Read More Ticking time bomb that could be growing in your garden
Property industry body flags the ticking time bomb that could be growing in your garden rapidly during the summer months There have been widespread concerns about Japanese Knotweed over the years, but for those who may not be aware of the pesky plant, Propertymark highlights that now is the time to act, as warmer conditions…
Read More