Monetary Policy Committee decisions and reports today

February 2, 2017

The Monetary Policy Committee’s (MPC) decision on interest rates will be announced today at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision. The MPC’s quarterly forecast for growth and inflation will also be published in the Inflation Report today which gives us the central bank’s latest forecasts for the UK economy.

Interest rates are expected to remain on hold at 0.25%. At the previous meeting in December the MPC was unanimous in voting to keep rates on hold.

Analysts expect interest rates to remain low for some considerable time to come.

Last night MP’s  voted by a majority of 384 to allow Government to invoke Article 50 of the Lisbon Treaty, Prime Minister Theresa May has set a deadline of 31 March this year to do this. The bill now faces further scrutiny in the Commons and the House of Lords before it can become law.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Letting Agent Talk

Landlords say managing rentals has become harder

Three-quarters of portfolio landlords say managing rentals has become harder   The latest research from residential property management specialist, Rushbrook, has found that almost three-quarters of portfolio landlords say managing their rental portfolio has become harder in recent years, with the changing legislative landscape now prompting many to reconsider whether they need professional help with…
Read More →
How to help out hoarders
Breaking News

Repossessed homes suffer 30% hit in value

The latest research from House Buyer Bureau reveals that there are almost 1,500 repossessed homes listed for sale on England’s housing market, with the largest numbers located in the South East and North West. House Buyer Bureau analysed England’s housing market to identify how many repossessed properties are currently for sale, where they are located,…
Read More →
Estate Agent Talk

Property renovations bringing housing prices down rather than up

Five renovations that might bring your house price down instead of up, according to a property finance expert Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not…
Read More →
Letting Agent Talk

Scotland beats London for Britain’s rental market divide

London may be home to the highest rents in the land, with tenants in Kensington and Chelsea paying an average of £3,629 per month, but the latest research from London lettings and estate agent, Benham and Reeves, has revealed that Scotland is actually home to the greatest proportional divide between its most and least expensive…
Read More →
Estate Agent Talk

Here’s how to spot a motivated seller & negotiate a better deal

With the number of homes on the market at a 12-year high, buyers could have more room to negotiate this autumn. Property experts at Landlord Resource have shared their tips for spotting a motivated seller and negotiating a better deal on your next home. Saif Derzi, co-founder of Landlord Resource, has shared 5 ways to…
Read More →
Rightmove logo
Breaking News

Price increase hints at usual Autumn bounce

Average newly-listed asking prices rise by 0.7% (+£2,441) this month to £367,440, the first monthly price increase since May: September’s above-average price increase for the time of year is a possible early sign of the usual Autumn bounce in activity, though there is considerable ground to make up after a somewhat subdued and distracted summer…
Read More →